In Geneva, what seemed impossible has become reality: the United States and China ended the tariff climbing. After months of tensions, the two giants have finally found common ground. The bilateral agreement signs a 90 -day truce and revives global economic hopes. This moment is appropriate for Bitcoin, which, taking advantage of this appeasement, saw its price cross $ 105,000. In a crypto-sphere in full swing, the timing is almost perfect.
United States and China: the truce that boosts bitcoin
Negotiations resulted in a drastic reduction in customs duties : the United States lower its taxes on Chinese products from 145 % to 30 %, and China reduces its own on American imports from 125 % to 10 %. This commercial thawwhich occurred in Geneva during meetings between the secretary of the Treasury Scott Bessent and the Chinese Deputy Prime Minister He Lifeng, surprised by its speed and its magnitude.
The official press release specifies that:
The parties will establish a mechanism to continue economic discussions.
The agreement, praised as A “breakthrough” By Bessent, reflects a change of posture after months of bellicose rhetoric.
In parallel, the financial markets reacted strongly : American clues have jumped, gold has dropped, and investors have regained a taste for risk. For the Crypto community, This agreement revives appetite for volatile assetsstarting with the BTC.
The domino effect was not long in coming: increase in volumes, renewed confidence, and influx of liquidity. A perfect climate for an asset as sensitive to macroeconomics as Bitcoin.
BTC exceeds $ 105,000: towards a target at $ 150,000
With that macroeconomic supportthe price of Bitcoin has exceeded $ 105,700 for the first time since January. This push confirms the release of a classic upper figure: the Bull Flag. This model, formed after a peak at $ 110,000, now projects A technical target at $ 150,000.
As Ryan Lee, chief analyst at Bitget Research: points out:
Bitcoin consolidation above $ 100,000 marks a pivotal moment in its market development… If the current conditions persist, the BTC could evolve between $ 75,000 and $ 155,000 by November.
Technical indicators support this hypothesis: Weekly RSI above 65, MacD Haussier. But that's not all. Pro-Crypto feeling in the United States is improving, flowing flows in ETF remain solid, and post-halving offer is reduced. So many factors that feed the most ambitious scenarios.
In parallel, Ethereum rebounds vigorouslytaking advantage of the Pectra update, thus consolidating the idea of a second general breath for cryptos. The dynamics settles down, and the crypto traders are now scrutinizing resistance levels at $ 110,000 then $ 115,000 For Bitcoin.
Watch out for euphoria: alert signals are multiplying
However, caution remains in order. Bitwise alert : his crypto feeling index reaches heightsclose to those observed before the folds of April 2022 and November 2024. In addition, on-chain data reveal A slowdown in whale activity since May 9. Less transactions greater than a million dollars and lower active addresses.
The profits are intensifying, revealing a risk of short -term consolidation. The daily RSI also indicates overheating with a level close to 73. In the event of a correction, The supports at $ 100,000 then $ 97,385 will be scrutinized closely.
The key figures to remember are as follows:
- The BTC course jumped $ 72,877 to $ 105 197 since early April;
- The Crypto market went from 1.7 to 3.3 dollars in a month;
- The weekly RSI exceeds 65, a generally bullish threshold;
- The 20 -day EMA support is located at $ 97,385.
In short, the trend is upwards, but the Surachat signals invite vigilance. Even in an euphoric dynamic, the cycles are still correct. The Crypto community observes, between excitement and precaution.
In this momentum, altcoin traders hope to follow. Several encouraging signals suggest an explosion of their favorite cryptos. Some experts are already talking about three possible scenarios for an altseason in 2025. The crypto-sphere retains its breath.
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