#BTCBreaks99K Bitcoin Price Forecast: BTC flirts with $100K as market sentiment improves on Trump trade deal with the UK

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Bitcoin Price Forecast: BTC flirts with $100K as market sentiment improves on Trump trade deal with the UK

Cryptos | 05/08/2025 11:04:00 GMT

Bitcoin price nears $100,000 on Thursday after rallying for three consecutive days this week.

The rally was fueled by Donald Trump's announcement of a major trade deal with a major nation, reportedly the United Kingdom.

The technical outlook suggests a continuation of the rally targeting the $105,000 mark.

Bitcoin (BTC) price extends its gains, nearing the $100,000 level at the time of writing on Thursday, after rallying for three consecutive days this week. The most recent uptick was fueled by Donald Trump's announcement of a “major trade deal” that, according to the Wall Street Journal, is with the United Kingdom (UK). The technical outlook suggests a continuation of the rally targeting the $105,000 mark.

Bitcoin nears $100,000 as Trump announces trade deal

US President Donald Trump announced on his Truth Social account that a “major trade deal” had been reached, which would mark the first such agreement to be announced since he imposed tariffs on dozens of America's trading partners.