Bitcoin Nears $100K Amid Market Optimism

Bitcoin has surged to approximately $93,500, bringing the $100,000 mark back into focus. This rally follows President Trump's indication of reduced tariffs on China and his assurance regarding Federal Reserve leadership, boosting investor confidence. Technically, Bitcoin has broken out of a four-month falling wedge pattern and is trading above the 200-day moving average, with momentum confirmed by a Relative Strength Index (RSI) above 50. Key resistance is at $100,000, with potential gains targeting $107,000 if surpassed. ​Investopedia+1Investopedia+1