$BTC Bitcoin is trading in the range of $102,000 - $104,000. There was an increase over the last week; however, there is a slight decline over the last day.
🔹It is important to note that against the backdrop of news about the deal between the USA and China regarding the reduction of trade tariffs, the market has reacted ambiguously:
🔹The stock markets showed positive dynamics, as the reduction in tariffs may lead to increased revenues and profitability for companies.
🔹Bitcoin initially demonstrated stability, but then a slight decline was observed. Some analysts explain this by suggesting that investors may be reallocating to stocks, which are considered more direct beneficiaries of the trade deal. The decline in demand for safe assets, which Bitcoin is sometimes categorized as, may also be a factor.
🔹Thus, although Bitcoin is not experiencing a sharp bearish moment after reaching $105,000, the deal between the USA and China is having some impact on its price dynamics, leading to consolidation or a slight pullback after previous growth. The overall market sentiment remains cautiously optimistic, supported by significant inflows into Bitcoin ETFs and expectations regarding upcoming macroeconomic data.