#NewsTrade #BinanceAirdropNXPC #BTCBackto100K #BTC Bitcoin (BTC) has recently experienced significant bullish momentum, breaking through the $100,000 mark and approaching its all-time high recorded in January 2025 around $109,000. Several factors appear to be fueling this upward trend:
Bullish Catalysts:
* Renewed US-China Trade Negotiations: Markets have reacted positively to the announcement of renewed trade talks between the United States and China, interpreting it as a sign of easing geopolitical tensions. This has boosted risk-on assets like Bitcoin. Some reports even suggest a potential agreement to reduce tariffs, further fueling the bullish sentiment.
* Potential US-UK Trade Agreement: Speculation about a possible high-profile trade agreement between the US and the UK, although unconfirmed, is also contributing to the positive momentum.
* Increased Institutional Demand: There are indications of renewed institutional interest and flows into Bitcoin.
* Technical Indicators: A bullish crossover on Bitcoin's weekly MACD indicator is being seen by some analysts as a strong signal for a potential major price surge, drawing comparisons to the breakout in October 2024. Bitcoin is also trading well above its 20-day and 50-day moving averages, confirming the bullish trend.
* Retail Capitulation: Some analysts point to the fact that most retail investors sold their Bitcoin holdings at recent lows, which has historically signaled the end of bearish cycles and the start of significant rallies.
* High Percentage of BTC in Profit: Currently, a very high percentage of Bitcoin addresses are in profit, which, while indicating strong bullish sentiment, could also present a risk of profit-taking.
* Whale Activity: An increase in the number of Bitcoin wallets holding large amounts of BTC mirrors patterns seen before previous all-time highs, suggesting strong investor confidence.
Key Price Levels to Watch:
* Resistance: Immediate resistance is noted around $105,000, with secondary resistance near $106,200 and the all-time high around $109,000.
