The Bitcoin market might see a significant boost, potentially exceeding its record high of $4,500, as tensions between the US and China escalate. Following geopolitical turmoil in the past, Bitcoin has historically performed well. This time, analysts at Matrixport predict a similar surge to that seen in 2015 when Chinese yuan devaluation triggered a sell-off before Bitcoin rebounded by year’s end. Analysts point out that the USD/CNY exchange rate is approaching resistance levels, which could trigger a Bitcoin breakout as China faces increasing pressure on its currency. [Insert image of Matrixport’s chart here] 📊Today’s #Matrixport Daily Chart – April 8 2025 🔽 Bitcoin Poised for Rally as USDCNY Approaches Key Resistance#BTCETF #Matrixport #BTC #Crypto #market #trading $BTC #MarketTrends #RMB #USDCNY #Market #US. Despite short-term concerns about U.S. Treasury yields, Matrixport analysts remain optimistic about Bitcoin’s long-term potential. This optimism is tied to the wider US-China trade war and China’s vow to resist Trump’s threats of a 50% tariff on Chinese goods. Beijing has warned that more tariffs will highlight the US’s