#Bitcoin surged over the weekend, pushing toward the $105,000 mark, as global markets responded positively to upbeat macroeconomic signals, particularly around U.S.-China trade negotiations.
The leading cryptocurrency saw increased buying volume after former U.S. President Donald Trump shared a hopeful update on Saturday regarding talks with China. “Many things discussed, much agreed to,” he said, referencing the renewed bilateral discussions aimed at easing trade tensions.
This apparent progress in international relations—paired with declining inflation concerns in the U.S. and resilient job market data—created a risk-on environment across financial markets. Bitcoin, often viewed as a barometer of investor sentiment, responded in kind.
Institutional Momentum Builds
Large-scale investors appear to be taking advantage of the momentum. On-chain data shows rising inflows to both centralized exchanges and institutional-grade custodians, suggesting traders may be positioning for a potential breakout past the psychological $105,000 resistance level.
“The macro tailwinds are undeniable,” noted a Binance Research analyst. “Positive geopolitical developments, combined with a stabilizing dollar and rising crypto adoption, are laying the groundwork for Bitcoin’s next leg up.”
What’s Next?
Technical analysts are eyeing $108K and $112K as potential next resistance levels if Bitcoin successfully closes above $105K. However, with market volatility still high, traders are advised to remain cautious and use proper risk management.
Stay tuned to Binance News for real-time updates on Bitcoin and broader market trends.