Bitcoin Price Eyes $135K as US-China Trade Talks Fuel Bullish Surge
By: fxleaders|2025/05/11 15:15:04
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Bitcoin ’s price has just broken through the $104,000 barrier—and it’s eyeing a new all-time high. That upward momentum started with a positive statement from former US President Donald Trump on May 10. Trump shared his thoughts on the US-China trade talks via Truth Social, saying the meeting was “very good” and constructive. That optimism has spread to the markets—and the crypto space is feeling the effects. Trump’s comments hinted at a future where the US and China work more closely together. That shift in tone, combined with expectations of a fruitful continuation of the talks, is giving markets—including Bitcoin—a boost. Trump’s statements aren’t just about trade relations, either. They’re also fuelling expectations for global markets. Market experts are now predicting Bitcoin’s price will continue to rise. Nate Geraci, president of the ETF Store, says that’s because institutional investors are taking a close look at Bitcoin. Those big players could give the cryptocurrency a significant boost in the coming weeks. Geraci points out that Spot Bitcoin ETFs are becoming increasingly important. If institutional investors start allocating more money to those funds, it could add a lot of fuel to Bitcoin’s price action. Several analysts think Bitcoin’s price could surge to as high as $135,000. Titan of Crypto, a well-known crypto analyst, says the MACD has flipped positively on the weekly chart. That’s a bullish crossover, and it suggests the overall market sentiment is strengthening. According to Titan, that could drive Bitcoin’s price up to $135,000. Technical analysis suggests a breakout above $105,000 could send Bitcoin’s price towards the $112,000-$120,000 range. That’s where $120,000 comes in as the next major target. Many market experts see that upward trajectory as sustainable if the US-China talks continue to progress positively. The coming weeks will be pivotal for the cryptocurrency market. Bitcoin’s price surge has already generated a lot of attention.
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