Bitcoin has surged past $97,000, driven by progress in US-China trade deal talks, which has shifted markets into a "risk-on" mode. The price reflects strong bullish sentiment, with Bitcoin approaching the $100,000 mark. Institutional interest remains high, with Metaplanet, a Japanese firm, purchasing an additional 555 BTC. Some analysts predict Bitcoin could hit $120,000 in Q2 2025 or even $200,000 by year-end, though volatility is expected due to upcoming macroeconomic events like the FOMC meeting today, where no rate change is anticipated.