- Bitcoin surged past $104K after Trump’s positive US-China trade talks announcement.
- Analysts expect a breakout above $105K to trigger a rally toward $120K–$135K.
- Technical indicators confirm bullish momentum with a MACD crossover on the weekly chart.
Bitcoin price approaches a new peak following a critical diplomatic announcement between China and the United States. Donald Trump announced successful outcomes from recent trade talks between the United States and China. Bitcoin jumped above $104,000 quickly after his comments were made public.
The digital asset’s rally gains strength from the price surge as market participants pay close attention to political developments.
Trump’s Trade Comments Fuel Market Optimism
On May 10, Donald Trump announced via Truth Social that a constructive meeting with China had taken place in Switzerland. According to Trump, the talks involved a reset of key trade discussions and were held in a friendly and forward-looking manner.
He observed that multiple issues were considered by both sides, who reached several key agreements throughout their meeting. Trump stated his wish for greater access for American firms in China’s markets because it would benefit broader financial markets.
A formal agreement was not reached during the talks, yet both sides confirmed plans to continue negotiations. The follow-up discussions regarding trade issues will be directed by U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer.
Donald Trump’s message boosted investor confidence in worldwide markets and triggered optimistic trends in cryptocurrency trading.
Bitcoin Surpasses $104,000 Amid Political Development
Bitcoin experienced rapid growth beyond the $104,000 resistance level right after Trump released his statement, which solidified its market position in this cycle. The asset experienced an upward trajectory because analysts observed that positive expectations from U.S.-China trade discussions influenced market trend.
A financial analyst, Nate Geraci, has noticed that the current market action has caught the eye of the institutional allocators. Geraci observed that Bitcoin is nearing $105,000, which positions it to break its historic all-time high. Market observers are watching ETF inflows closely, with expectations of increased activity if the rally continues.
Momentum Indicators Align with Bullish Outlook
In addition to the positive macro signals, technical indicators also reflect growing bullish momentum for Bitcoin. Crypto analyst Titan of Crypto pointed to a bullish crossover in the MACD indicator on the weekly chart. According to his analysis, this trend shift could pave the way for a significant upward price movement.
His forecast suggests a possible rally toward the $135,000 mark, while other projections place near-term targets between $112,000 and $120,000. Echoing this thought, analysts observed that a clean break through the $105,000 mark would indicate the confirmation of the next leg in the rally.
A confluence of geopolitical incentives and robust technical backing has shaped the windfall of Bitcoin towards further gains.
