Bitcoin’s Breakout On The Horizon: U.S.-China Trade Tensions Drive Investor Appetite

Escalating tensions between the U.S. and China are sparking a renewed interest in Bitcoin, with analysts predicting a potential surge following past trade-driven trends. Matrixport, a Singapore-based blockchain firm, highlights that Bitcoin may mirror its 2015 trajectory when the devaluation of the Chinese yuan initially led to a decline before a strong year-end rebound. Analysts believe the USD/CNY exchange rate’s upcoming resistance levels signal more yuan weakness and could foster bullish Bitcoin conditions.