In recent news, Bitcoin saw a 2% increase on April 4th, boosted by positive signals from the US Federal Reserve that sparked a broad rise in risky assets. According to data from TradingView, Bitcoin's price on major crypto exchanges climbed to $67,510 at the start of Wall Street trading. While Bitcoin followed the upward trend of US stocks during the day, gold faced a decline after reaching a record high of over $2,300.

On the US front, Federal Reserve Chair Jerome Powell struck a hopeful tone regarding economic policies, hinting at possible interest rate cuts before the end of 2024. Speaking at the Stanford Business, Government, and Society Forum, Powell mentioned the Fed's decision to maintain the current policy interest rate since July, suggesting that it might have reached its peak for this tightening cycle.

Looking ahead to the Federal Open Market Committee (FOMC) meetings in May, Powell's comments raised expectations. However, data from the CME Group’s FedWatch tool indicates only a 61% chance of a minimum 0.25% interest rate cut at the upcoming meetings.

In addition, the latest figures for US initial jobless claims slightly exceeded expectations, providing further momentum for market movement.

In the realm of Bitcoin analysis, experts like Pierre highlighted the 200-period exponential moving average (EMA) on the 4-hour time frames as a support factor. Meanwhile, analyst Jelle remained optimistic, pointing to positive signals on the daily chart. Jelle emphasized Bitcoin's Relative Strength Index (RSI) crossing above the crucial 50-point mark on the daily close, indicating a hidden bullish divergence typical of strong uptrends.

In conclusion, Bitcoin's resurgence was driven by encouraging news from the Federal Reserve, which hinted at potential interest rate cuts. Alongside optimistic market movements, analysts observed supportive indicators for Bitcoin's upward trajectory, fostering positivity in the cryptocurrency space.