Bitcoin price surged 6.80% to $94,510 on April 23 as global risk markets improved due to easing US-China trade tensions. Bitcoin ETFs saw a daily inflow of $1.29 billion, the highest since November. Short-term Bitcoin holders returned to profit, and a bullish reversal pattern emerged. The rally followed President Trump’s comments on reducing tariffs on Chinese goods and not firing the Federal Reserve Chair. The S&P 500 and Nasdaq rose by over 2.5%, and Asian markets like Nikkei and Kospi surged by 2.3% and 1.2%. Bitcoin’s price rise coincided with liquidations of $321.78 million in the futures market. Recent Bitcoin buyers are now profitable, reducing sell pressure. Technical analysis suggests Bitcoin may surpass $100,000 by May, targeting $102,700. This news does not offer investment advice.