The Bitcoin course began to grow again. All in response to the new stage of the US negotiations with China.
The bitcoin course is growing
Once again, we see that Bitcoin needs peace or at least hope to calm the geopolitical situation. Currently, Bitcoin costs around USD 109,500, or 2.6% more than yesterday.
Everything happens when US talks with China are ongoing in London. Both sides try to get along with the long -awaited commercial agreement. Earlier temporary agreement with Geneva was broken, among others by Beijing, because he blocked the export of rare lands to the USA. He showed the same Americans that they are dependent on him because he allowed him to negotiate with the White House at a completely different level.
The latter gave results: now, according to the American media, Donald Trump is supposed to offer unlocking of new technologies to China. In recent years, the US has blocked the Middle Kingdom access to these. Media reports are not given only what specific technologies are. Trump’s step itself shows, however, that he cares about quickly closing the negotiations.
If the US gets along with China, we can see a strong reflection on the chart, which will probably lead us to ATH or higher levels.
It is worth adding that another growth catalyst may be Donald Trump’s announcement of the name of Jerome Powell’s successor. If the new head of the Fed will conduct a policy converging with the expectations of the White House – he reduced the percentage rates. – In my opinion, we can even see the extension of the cycle on cryptocurrencies.
Bitcoin course with the eye of the analyst
Ryan Lee, the main analyst at Bitget Research, summed up the current market situation for Bitcoin.pl:
The last Bitcoin struggle reflects the increased uncertainty related to trade talks between the US and China and deflation signals in China, which weaken risk appetite and strengthen BTC correlation with global markets. These macroeconomic adversities may limit the potential of growth, but the role of BTC as protection against economic destabilization may interest investors if only commercial voltages soften.
Investors should monitor USD 100,000 as critical support. BTC may now oscillate in the $ 100,000-110 000, with variability driven by the results of commercial talks.
