Perspective on Bitcoin surpassing $100,000 driven by U.S.-U.K. trade agreement optimism:
The surge past $100,000, fueled by the U.S.-U.K. trade deal, reflects heightened market optimism and risk-on sentiment, with Bitcoin benefiting as a hedge against macroeconomic uncertainty. Institutional inflows and ETF activity further amplify this rally.
While the milestone signals strong bullish momentum, sustainability depends on continued positive macro developments and institutional adoption.
Technical indicators like bullish MACD and RSI suggest potential for further gains, but volatility remains a concern.
Key factors include ongoing trade deal negotiations, Federal Reserve interest rate policies, and geopolitical developments.
A potential strategic asset reallocation away from U.S. assets could drive Bitcoin toward $120,000 by Q2 2025, but tariff uncertainties or regulatory shifts may trigger corrections.
Ryan Lee, Chief Analyst at Bitget Research
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