#BTCBackto100K returns to 100,000 USD and forecasts a possible new rally

$BTC #BTCBackto100K #BTCtrade BTC returned to 100 thousand and reached 101,200 USD this Thursday, once again becoming a focal point in the media. The crypto market shows signs of a possible start to a bullish rally.

At the time of writing, the price of BTC is trading at 100,600 USD, with daily gains of 3.75%, weekly gains of 3.53%, and monthly gains of 28.57%.

In the analysis, we will see if a new rally is feasible and what drives its price. It is important to understand the magnitude of the trade negotiations between China and the United States in the commercial sphere:

What drives the price of BTC to new highs?

This surge was driven by renewed optimism regarding trade negotiations between the United States and China, as well as an increase in demand from institutional investors.