Bitcoin $BTC makes a strong comeback amid global optimism: Attention turns to the 107,500 dollar level

The digital currency Bitcoin $BTC has witnessed strong buying activity during today's and yesterday's sessions, driven by the wave of optimism that has swept through global financial markets, following former U.S. President Donald Trump's statements about reaching a comprehensive trade agreement with the United Kingdom, considering this agreement a starting point for a series of bilateral agreements with other trading partners, whose negotiations are at advanced stages.

These statements have rekindled investors' appetite for risk and supported investors' tendencies towards high-yield assets, led by the digital gold "Bitcoin," which is considered a hedge tool and a store of value during major economic transformations.

Technically, and through analyzing the daily chart, Bitcoin $BTC shows a solid upward trend since the beginning of last April, and the 107,500 dollar level has become the current central target for price movements. This level represents strong resistance and is considered a key confirmation station that may open the doors to new peaks, possibly reaching 120,000 dollars, if a daily close above this critical level is achieved.