#BTCPrediction
Bitcoin Price Forecast: BTC jumps above $97K on optimism over US-China trade talks
• Bitcoin price hovers around $97,000 on Wednesday after rebounding 2.7% in the last two days.
• US and Chinese officials are set to start talks this weekend to de-escalate a trade war between the world’s two biggest economies.
• The Fed interest rate decision in the American session could bring volatility for risky assets like BTC.
Bitcoin (BTC) price stabilizes at around $97,000 at the time of writing on Wednesday after rebounding 2.7% in the last two days. The crypto markets show optimism as US and Chinese officials are set to start talks this weekend to de-escalate the trade war.
However, traders should be cautious as the US Federal Reserve (Fed) interest rate decision in the American session could bring volatility for risky assets like BTC.
Bitcoin recovers as US-China trade talks escalate
According to a BBC report on Wednesday, the world’s two biggest economies, the US and China, are set to start talks this week to try to de-escalate a trade war. High-level trade talks between the two countries will begin in Switzerland on Friday. Chinese Vice Premier He Lifeng and US officials Scott Bessent and Jamieson Greer will lead the discussions.
The report explains that the talks follow steep tariffs from both sides – up to 145% by the US and 125% by China. While the negotiations mark the first major diplomatic engagement since US President Donald Trump’s return to the Oval Office, experts caution that any resolution will likely take months. The crypto markets responded positively to news of the talks, as Bitcoin reclaimed the $97,000 mark following a slight pullback during the weekend.
Bitcoin could face volatility amid Fed interest rate decision..
A K33 Research report on Tuesday says, “FOMC is rigged to cause significant volatility this week.”
The report explains that since the last Federal Open Market Committee (FOMC) meeting, US President Trump has attempted to pressure Fed Chair Jerome Powell into emergency rate cuts. ...
