Bitcoin Price Eyes $100K as US-China Trade Talks Fuel Market Optimism

Bitcoin price continues its bullish momentum as traders anticipate the upcoming US-China trade talks, fueling optimism in the cryptocurrency market. With Bitcoin hovering around $97,000, analysts predict a potential breakout past the $100K milestone, marking a historic moment for the digital asset.

Bitcoin’s Surge Amid Trade Negotiations

The cryptocurrency market has been closely watching developments in US-China trade relations, as positive discussions could inject fresh liquidity into global markets.

According to Alankar Saxena, Co-founder and CTO of Mudrex, Bitcoin’s recent rally is driven by renewed buying interest. He stated, “While a rate cut remains unlikely, any move toward quantitative easing could inject fresh liquidity into the market, further supporting risk assets like crypto.”

Key Support Levels and Market Sentiment

Bitcoin has been trading between $90,000 and $97,000, with $95,000 identified as a crucial support level.

Crypto exchange Bitfinex emphasized that holding above this level could pave the way for a sustained rally. Their latest report noted, “The $95,000 level is a critical pivot point, acting as the lower boundary of a three-month range that defined market structure between November 2024 and February 2025.”

Institutional Interest and Whale Accumulation

Large Bitcoin holders, often referred to as whales, have accumulated over 81,000 BTC in the past six weeks, signaling strong institutional confidence. Blockchain analytics firm Santiment reported that wallets holding 10 to 10,000 BTC have increased their holdings by 0.61%, reinforcing bullish sentiment in the market.

Impact of US Federal Reserve Policies

The Federal Open Market Committee (FOMC) meeting scheduled for May 7 is another key event influencing Bitcoin’s trajectory.

The US Federal Reserve has launched its largest three-year bond purchase program, injecting $20 billion daily into the economy. Analysts believe this move could further support Bitcoin’s upward trend.

Bitcoin’s Path to $100K

If Bitcoin successfully breaks the $97,900 resistance, experts predict a decisive move toward $100K.

However, geopolitical tensions, including India-Pakistan conflicts, could introduce short-term volatility. Himanshu Maradiya, Founder and Chairman of CIFDAQ Group, commented, “While geopolitical tensions may impact prices in the short term, long-term effects will depend on the resolution of the conflict.”