Bitcoin Sets Its Eyes on $100,000 with Optimism Brought by US-China Relations!
Bitcoin (BTC) has surpassed $97,000 with the optimism surrounding a potential trade agreement between the US and China, and investors are now looking at the $100,000 level.
Thanks to the positive atmosphere created by the resumed trade talks between the US and China, Bitcoin has managed to break through the significant resistance level of $97,000. Following this development, the long-awaited psychological threshold of $100,000 is back on the agenda.
The US signaling a softening stance on tariffs against China is strengthening positive expectations in the market. However, users trading on the Polymarket betting platform are skeptical about the likelihood of an agreement being reached in the short term. Bets placed on the platform indicate that the probability of a trade agreement being finalized by June is only 20%.
Why are bettors cautious?
Bettors are taking a cautious approach due to the previous hard stance of the US administration and the uncertainty it created in the markets. Previously, the rapid implementation of tariffs had led to sudden drops in Bitcoin prices. Despite the current optimism, if an agreement does not materialize in the short term, volatility may re-emerge in the markets.
