#MarketRebound

Bitcoin price rebounds to $108K

Analysts say Bitcoin could break its all-time high within one to two weeks, following breakout patterns seen recently in gold and the S&P 500.

BTC’s push above $108,000 came as traders monitored US-China trade talks unfolding in London.

Negotiations began on June 9 afternoon with signs of a diplomatic thaw: The US is reportedly willing to relax tech export restrictions in exchange for more access to China’s rare earth materials.

Talks may continue into Tuesday if needed, according to officials close to the matter. Like Bitcoin, US equities have responded positively to the news, indicating an overall positive sentiment among risk traders.