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 Manish Chhetri

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Bitcoin Weekly Forecast: BTC bulls aim for $105,000 after nearly 10% weekly gains

Cryptos | 05/09/2025 10:24:49 GMT

Bitcoin price stabilizes around $103,000 on Friday after rallying nearly 10% this week.

Risk-on sentiment prevails as Trump announced a trade deal with the UK and ahead of the meeting with China this weekend.

Institutional demand logs in a fourth week of gains, with US spot ETFs recording nearly $600 million in inflows until Thursday.

Bitcoin (BTC) price is stabilizing around $103,000 at the time of writing on Friday after rallying nearly 10% this week. The sharp price increase was supported by improved market sentiment as US President Donald Trump announced a trade deal with the United Kingdom (UK), partly easing the tariff-related uncertainty that has weighed on crypto since Trump's inauguration.

Trade uncertainty cools off, boosting risk-on sentiment

Risky assets were the winners this week, with Bitcoin soaring nearly 10%, fueled by the news on Thursday of a trade deal between the US and the UK that was announced by US President Donald Trump and British Prime Minister Keir Starmer.

This trade leaves in place a 10% tariff on goods imported from the UK to the US, while Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to US goods.