BTC price is eyeing a breakout to a new all-time high (ATH) following Donald Trump's statement on the US-China trade war negotiations.

BTC price is once again eyeing a breakout to new all-time highs (ATHs). This time, a potential deal is seen as a catalyst in the ongoing trade war negotiations between the US and China.



The flagship crypto crossed $104,000 after Donald Trump's statement about a "good meeting" between the two largest economies.

Donald Trump says US-China meeting went well

In a candid social media post, Trump said he had a very good meeting with China in Switzerland on May 10.



He added that they discussed many things and agreed on many things. He added that the two sides had discussed a full reset "in a friendly, but constructive manner".

The president also stated that he wants to see China open to American business for the good of both China and the United States. Donald $TRUMP once again confirmed that he has made great progress.

That the first round of US-China trade talks ended without an official announcement of an agreement.

As a result, the two sides plan to resume trade talks on May 11, with US Treasury Secretary Scott Besant and US Trade Representative Jamieson Greer leading talks for the Americans.

It is worth noting that after Trump's statement, the price of Bitcoin rose above the $104,000 resistance.

The president's statement no doubt provides hope that the US and China may reach an agreement soon, which would be a bullish move for $BTC and other crypto assets.

Market expert and president of ETF Store, Nate Geraci, also commented on the BTC price action following Donald Trump's statement.

He noted that Bitcoin is pushing the $105,000 price level and could soon hit its all-time high.

Accordingly, he said the performance of the flagship crypto is undoubtedly on the radar of institutional investors and allocators.

The expert added that he is very interested in watching the flow of the Spot Bitcoin ETF over the next several weeks, which could be significant.

BTC price may hit new ATH soon.

Crypto analyst Titan of crypto has suggested that the price of BTC could soon hit a new ATH amid Donald Trump's statement.

In an X post, he mentioned that there is a rapid crossover into Bitcoin. The analyst added that the MACD is reversing sharply on the weekly chart.

The crypto titan also revealed that BTC is changing momentum, which could be the start of a big move. The accompanying chart shows that Bitcoin could rise to $135,000 on this move.

Market analyst also hinted that a BTC rally to $120,000 may be imminent. Based on analysis, a breakout above $105,000 could ignite a rally towards the $112,000–$120,000 range.

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