After over 10% weekly advances, BTC bulls target $105,000

After rising over 10% this week, bitcoin stabilizes at $103,000 on Friday.

After Trump announced a trade agreement with the UK and before his weekend meeting with China, risk appetite is high.

For a fourth week, US spot ETFs attracted roughly $600 million in institutional demand till Thursday.

After gaining over 10% this week, Bitcoin (BTC) is stabilizing around $103,000 on Friday. Crypto's significant price surge was underpinned by improving market mood after US President Donald Trump signed a trade agreement with the UK, alleviating tariff-related concerns since Trump's election.

US and Chinese leaders will meet on Saturday and Sunday to deescalate the trade conflict. On Saturday, Chinese Vice Premier He Lifeng and US officials Scott Bessent and Jamieson Greer will head high-level trade negotiations in Switzerland.

As tariff anxiety eases, Bitcoin rises to levels last seen in early February, only 5% off its all-time high of $109,588.

A Bitcoin and Digital Asset Reserve Fund generates value via staking and airdrops without public financing. This follows New Hampshire's pro-crypto legislation earlier this week and shows state-level interest in digital assets.

Strategy bought 1,895 BTC for $180.30 million on Monday, boosting its total to 555,450 BTC. The business announced a $21 billion at-the-market sale to add BTC to its reserve last week during its Q1 results presentation.

Semler Scientific added 167 BTC and currently has 3,634 $BTC, making it the fourth biggest US Bitcoin Treasury Company.

On Thursday, bitcoin finished above $103,200, above the daily resistance mark of $97,700 for the first time since early February. On Friday, it trades at $103,000.

If BTC keeps rising, it might reach $105,000, its psychological threshold, before hitting $109,588, its all-time high.

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