$🚨Hopes for a US trade deal: Following an announcement of a "big" trade deal by US President Donald Trump, risk appetite has increased in the market, leading to a rise in Bitcoin's price.

* Strong technical indicators: Bitcoin has broken through a medium-term falling trendline and has shown a sharp upward reaction. According to technical analysts, there is positive momentum in the short term.

* Institutional investment: Some analysts believe that an increase in institutional investment is supporting Bitcoin's price.

* Next FOMC meeting: Investors are awaiting the next FOMC meeting in June, where interest rate cuts are expected.

* CZ's optimistic comment: CZ, the founder of Binance, recently predicted that Bitcoin could reach $500,000 to $1,000,000 in this cycle.

* Post-halving period: According to past bull market cycles, Bitcoin has peaked 12 to 16 months after a halving. Following the last halving in April 2024, this period spans from April 2025 to August 2025.

Technical Analysis:

* According to Investtech, Bitcoin looks technically positive in the medium term.

* Key support levels are at $92,500 and resistance levels are at $105,500#BTCtrade #BTCBackto100K