Global trade tensions are once again shaking up the markets – and Bitcoin is reacting strongly. With a key round of U.S.-China negotiations set to begin on May 10 in Switzerland, investor sentiment is rising along with BTC’s price, which is inching closer to the psychological milestone of $100,000.
🧭 New Talks, New Hope?
U.S. Treasury Secretary Scott Bessent announced during a congressional hearing that initial discussions with China will officially begin on May 10. However, he emphasized that this marks only the start of negotiations, not an advanced stage.
The news of renewed contact between the world’s two largest economies immediately sparked optimism – Bitcoin surged past $97,000, only to slip back slightly after Bessent clarified that no concrete breakthroughs had occurred yet.
⚔️ The Trade War Isn’t Over
The trade dispute, launched under President Donald Trump’s administration through sweeping tariffs, still weighs heavily on global markets. Both the U.S. and China have imposed duties as high as 125–145%.
While Bessent mentioned that 17 of 18 key U.S. trade partners are nearing deals, China remains the exception. He declined to name the specific countries, citing the need to protect U.S. interests.
📈 Technical Outlook: Is $100K Within Reach?
Leading crypto analysts believe Bitcoin is poised for further upside if market sentiment remains positive.
🔹 Crypto Zeinab noted that BTC has successfully held key support and is building momentum for another leg up. Her targets? $118,000, with potential to stretch to $130,000, based on Fibonacci levels.
🔹 Rekt Capital added that Bitcoin is holding firm above $93,500, with a real chance to break through the $97,000–$99,000 zone. If that happens, $100,000 could be within striking distance.
🔍 Key Takeaway?
A breakout above $100,000 is becoming increasingly likely, especially if U.S.-China talks deliver positive headlines. But the market remains sensitive – even a subtle shift in diplomatic tone could cool down the rally.
Summary:
🔹 U.S.-China trade talks begin May 10 in Switzerland
🔹 Bitcoin surged past $97,000, then corrected slightly
🔹 Hopes for easing trade tensions are fueling bullish sentiment
🔹 Analysts see breakout potential toward $100K, then $118K and $130K
🔹 $93,500 remains a critical support level
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