US-China AI War Puts 'Dampener' on Bitcoin's Rally to Break $80,000

▲ Bitcoin (BTC), US, China/AI-generated image

As the conflict between the United States and China over artificial intelligence (AI) technology intensifies, Bitcoin (BTC)'s path to reclaiming $80,000 has encountered an emergency.

According to BeInCrypto on April 23 (local time), Bitcoin is trading around the $78,000 mark, but US-China geopolitical tensions are dampening risk asset investment sentiment, preventing it from breaking past the $80,000 resistance level. The White House accused Chinese companies of industrial-scale theft of US AI intellectual property and announced strong measures to protect technology.

Michael Kratsios, Chief Technology Officer of the White House Office of Science and Technology Policy (OSTP), stated in a press release, "Foreign entities based in China are using tens of thousands of proxy accounts and jailbreaking techniques to replicate leading US AI systems." Kratsios emphasized that to protect American innovative technology, they would strengthen information sharing and explore measures for accountability. This announcement comes weeks before the May summit between US President Donald Trump and Chinese President Xi Jinping, increasing market uncertainty.

Bitcoin's price also faces technical resistance. TradingView data shows that the $80,000 to $80,600 range has acted as strong overhead resistance throughout April. On-chain data analysis indicates that investors' realized price, around $76,800, is limiting recent rebound attempts. However, in the derivatives market, $80,000 call options trading recorded a volume of $1.78 billion, indicating that long-term breakout expectations remain.

Market experts analyze that while the AI dispute has no direct technical connection to Bitcoin, the deepening US-China conflict curbs the overall risk-taking propensity in the virtual asset market. In particular, there is a prevailing view that market sentiment could reverse depending on the outcome of the US-China summit. Investors are closely watching whether geopolitical variables will resolve, allowing Bitcoin to stably hold the psychological resistance level of $80,000.

The global technology hegemony war has become a key variable increasing volatility in the virtual asset market. Bitcoin continues its tug-of-war towards the $80,000 mark, navigating through macroeconomic uncertainties. Investors are focusing on the impact of changes in US-China relations on the liquidity and price trends of the virtual asset market.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*