Bitcoin and other cryptocurrencies continue to zig and zag, rallying on Friday after plunging Thursday following Wednesday's big gains.

The cryptocurrency market has seen a fluctuant journey this week, where Bitcoin (BTC) and other major cryptocurrencies displayed notable volatility. Following significant gains on Wednesday, the market faced a sharp downturn on Thursday, only to regain some momentum on Friday. The recovery has been buttressed by positive sentiment following a U.S. government announcement regarding a temporary pause on new tariffs, stirred by President Trump's policies. Notably, Solana (SOL) and Dogecoin (DOGE) have led the surge, with their prices rising by over 4%, while Bitcoin has stabilized around the $82,500 - $84,900 mark. This week’s upheaval highlights cryptocurrency's sensitivity to external macroeconomic factors, especially those stemming from U.S.-China trade dynamics. As noted by experts, the recent tariff pause has instilled optimism among market participants, interpreting it as potentially easing trade tensions and bettering market conditions for risk assets, including cryptocurrencies. Ming Wu, the CEO of RabbitX, characterized the drastic market response as a '180-degree turn', emphasizing the broader implications of tariff policies on market behavior. Conversely, Ethereum (ETH) faced challenges, down 2.4%, indicating that not all cryptocurrencies are equally affected by market news. Meanwhile, analysts forecast a bullish tilt for Bitcoin, predicting it could rally towards the $100,000 mark if trend patterns and volume sustain their current trajectory. CryptoQuant analysts have warned, however, that there are resistance levels around $84,000 and $96,000 that Bitcoin needs to surpass to continue on this upward trend. The sentiments echoed by financial experts highlight an air of caution despite the recent upturn, advising traders to stay abreast of macro developments and technological strength. Thus, while the current bullish trend is promising, volatility remains a primary characteristic of the cryptocurrency market, and traders should remain vigilant given the swift fluctuations characteristic of this sector.