{"id":20334,"date":"2025-05-12T14:28:26","date_gmt":"2025-05-12T14:28:26","guid":{"rendered":"https:\/\/gold.creditcard\/bitcoin-all-time-high-cues-come-as-us-china-deal-sends-dxy-to-1-month-high-2\/"},"modified":"2025-05-12T14:28:26","modified_gmt":"2025-05-12T14:28:26","slug":"bitcoin-all-time-high-cues-come-as-us-china-deal-sends-dxy-to-1-month-high-2","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/bitcoin-all-time-high-cues-come-as-us-china-deal-sends-dxy-to-1-month-high-2\/","title":{"rendered":"Bitcoin all-time high cues come as US-China deal sends DXY to 1-month high"},"content":{"rendered":"

Key points:<\/strong><\/p>\n

Bitcoin seeks consolidation after rapid gains as stocks and the US dollar surge on US-China trade deal news.<\/p>\n

Nearby order book liquidity forms potential targets for traders, which now include $102,000.<\/p>\n

A classic moving average retest suggests that a new all-time high should result.<\/p>\n

Bitcoin (BTC<\/a>) stuck to $104,000 at the May 12 Wall Street open as markets shifted on US-China trade deal news.<\/p>\n

BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n

Bitcoin surfs US-China trade deal reactions<\/h2>\n

Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD consolidating after hitting its highest levels since late January.<\/p>\n

The US and China agreed to slash reciprocal trade tariffs on the day, causing the S&P 500 and Nasdaq Composite Index to gain around 3%.<\/p>\n

US dollar strength also benefited as a result, with the US dollar index (DXY) hitting one-month highs.<\/p>\n

US dollar index (DXY) 1-day chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n

\u201cThe last time US tariffs on China were this high, the S&P 500 was ~200 points lower, 4 Fed rate cuts were expected in 2025, and Wall Street was calling for a recession,\u201d trading resource The Kobeissi Letter wrote<\/a> in part of ongoing analysis on X.\u00a0<\/p>\n

\u201cSentiment is everything.\u201dUS tariffs on China. Source: The Kobeissi Letter\/X<\/em><\/p>\n

Bitcoin thus adopted the middle ground between major assets on the day as gold dropped precipitously to $3,208 per ounce, nearing month-to-date lows.<\/p>\n

\u201cBTC Swept most nearby liquidity above after chopping around the $103K-$105K area for a few days,\u201d popular trader Daan Crypto Trades told<\/a> X followers alongside a chart of exchange order book liquidity from monitoring resource CoinGlass.\u00a0<\/p>\n

\u201cBelow keep an eye on the ~$102K region as that’s a pretty dense area in terms of liquidation clusters. Could be a good level for some action. Depending on the reaction there you can reassess.\u201dBTC liquidation heatmap. Source: CoinGlass<\/em><\/p>\n

CoinGlass data<\/a> showed increasing bids around the $103,000 mark after the Wall Street open.<\/p>\n

New BTC price record \u201cin the making\u201d<\/h2>\n

Continuing, fellow trader CrypNuevo was among those doubling down on a longer-term bull thesis for BTC price action.<\/p>\n

Related: <\/strong><\/em>Is Bitcoin about to go parabolic? BTC price targets include $160K next<\/strong><\/em><\/a><\/p>\n

BTC\/USD, he noted, had conducted a successful retest of the 50-week exponential moving average (EMA).<\/p>\n

Currently at $80,300, the 50-week EMA has functioned as a springboard for new all-time highs in recent years.<\/p>\n

\u201cWe got the 1W50EMA retest and, consequently, the next leg up,\u201d CrypNuevo explained in an X thread<\/a> on May 11.\u00a0<\/p>\n

\u201cEvery previous time that we saw this structure, we made a new high so the trend signals a new ATH in the making.\u201dBTC\/USDT 1-week chart with 50 EMA. Source: CrypNuevo\/X<\/em><\/p>\n

Earlier, Cointelegraph reported<\/a> on a classic bull market breakout signal on weekly timeframes in the form of a cross on the moving average convergence\/divergence (MACD) indicator.<\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>","protected":false},"excerpt":{"rendered":"

Key points: Bitcoin seeks consolidation after rapid gains as stocks and the US dollar surge on US-China trade deal news. Nearby order book liquidity forms potential targets for traders, which now include $102,000. A classic moving average retest suggests that a new all-time high should result. Bitcoin (BTC) stuck to $104,000 at the May 12 […]<\/p>","protected":false},"author":0,"featured_media":20325,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-20334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=20334"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/20325"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=20334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=20334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=20334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}