#BTCBreaks99K
๐ BITCOIN NEARS $100K AS TRUMP TEASES MAJOR UK TRADE DEAL
Bitcoin (BTC) surged nearly 3% in the past 24 hours, reaching a high of $99,835, fueled by anticipation of a significant trade agreement between the United States and the United Kingdom.
๐ Key Highlights:
Trade Deal Buzz: President Trump's announcement of a "major trade deal" with a "big, and highly respected country"โconfirmed to be the UKโhas invigorated market sentiment.
Market Reaction: BTC's price climbed from $97,759 to $99,140 following the announcement, approaching its all-time high of $109,000 set in January.
Analyst Insights: Charlie Sherry of BTC Markets noted that the move reflects a classic reversal pattern, suggesting strong momentum that could push BTC past the $100,000 psychological resistance.
Investor Sentiment: The Crypto Fear & Greed Index rose to 65 ("Greed"), indicating growing bullish sentiment. Additionally, over $96 million in BTC short positions were liquidated in the past 24 hours.
๐ค Your Take:
With Bitcoin on the cusp of breaking the $100K barrier, do you see this as the beginning of a new bullish phase or a temporary spike driven by geopolitical events? Share your thoughts below!