Since the Federal Reserve announced last week that it would slow down its balance sheet reduction, and with rumors that the Trump administration may exclude specific industries like automobiles and semiconductors from the "reciprocal tariffs" implemented on April 2, market anxiety about a comprehensive trade war has been somewhat alleviated, supporting BTC's continued rebound.
After BTC reached a high of $88,769 on Monday, it broke through $88,000 again around 1 AM this morning, with a slight pullback to $87,766 at the time of writing.
QCP Capital: BTC Usually Performs Well in April
In this context, QCP Capital noted in a research report that Trump's hints about reducing tariff scale gave the market a chance to breathe, and other industry professionals, including JPMorgan, are beginning to believe that the worst phase of the market may have passed.
QCP Capital further pointed out that historically, risk assets in the second quarter, especially in April each year, are usually one of the best-performing periods, second only to December's gains:
The S&P 500's average annualized return in the second quarter is 19.6%, and BTC has also recorded its second-best median performance during this period - only trailing the fourth quarter.
BTC's Next Key Resistance Level is at $90,000
Regarding BTC's trend, crypto trader @DaanCrypto also analyzed on the social platform X yesterday, pointing out that BTC has been trading with a solid spot premium during this rebound, and if it can maintain this level and break through the key resistance of $90,000, BTC might create a new all-time high:
BTC is still trading with a solid spot premium during this rebound.
If it can maintain this premium while slowly returning to the previous range (above $90,000), I would be confident that we will see a trend back to new highs.
Currently, it remains an important resistance level, and its price correlates with stock market performance.
MicroStrategy Founder: BTC Will Become a $200 Trillion Asset Class
Additionally, Michael Saylor, founder of MicroStrategy, the leading BTC holder among US listed companies, stated in an interview that BTC will become the foundation of the global economy in the future, with a market value reaching $200 trillion (with a total of 21 million BTC, if this goal is achieved, each BTC would be worth close to $10 million).
Saylor also mentioned that although BTC has decentralized characteristics, this does not mean it cannot be utilized by a country, describing a BTC vision led by the United States:
If the US views BTC as a strategic asset, similar to our control of oil and nuclear energy in the 20th century, we could dominate the next global economic era. This is not just about money, but about power, influence, and sustainability.
BTC is the most powerful economic engine in human history, and it will help the US maintain its hegemony in the coming centuries and enable our civilization to achieve immortality.
