🔸 $BTC is quickly approaching the $100,000 mark amid speculation of a major trade deal between the United States and the United Kingdom.

The Wall Street Journal suggests that the announcement of the trade deal could be just a preliminary framework.

Key indicators and the RSI divergence hint at potential resistance and weakening momentum.

The analysis points to $99,900 as a key resistance.

The price surge coincides with the broader bullish technical setup of the cryptocurrency and positive risk sentiment in traditional markets. Asian stocks traded higher, and futures linked to the S&P 500 rose by 0.6%.

However, some factors suggest that surpassing $100,000 may not be easy:

The WSJ cools optimism: According to the Wall Street Journal, the major trade deal that Trump hinted at could be a "framework for an announcement with tariff adjustments," meaning it could just be the start of discussions.

Resistance at $99,900: This level may be difficult to surpass due to possible selling pressure from those who bought around these prices earlier in the year and profit-taking from long-term holders.

Bearish divergence of the RSI: Although BTC reached a new multi-week high, the relative strength index (RSI) on the hourly chart did not follow this movement, suggesting weakening momentum.

It seems there is optimism in the market, but also signs of caution regarding how quickly and easily Bitcoin could surpass the $100,000 mark. Author ✍️: Omkar Godbole