Bitcoin (BTC), with the optimism brought by the potential trade agreement between the US and China, surpassed 97 thousand dollars, and investors' eyes are now on the 100 thousand dollar level.
Bitcoin has managed to surpass the significant resistance of 97 thousand dollars thanks to the positive atmosphere created by the renewed trade talks between the USA and China. Following this development, the long-awaited psychological threshold of 100 thousand dollars is back on the agenda.
The United States signaling a softening of tariffs towards China is strengthening positive expectations in the market. However, users trading on the Polymarket betting platform are skeptical about the likelihood of an agreement occurring in the short term. Bets placed on the platform show that the probability of a trade agreement being reached by June is only 20%.
Why are gamblers cautious?
Bettors are approaching with caution due to the previous hardline stance of the US administration and the uncertainty it has created in the markets. The rapid implementation of tariffs had previously caused sudden drops in Bitcoin prices. Despite the current optimism, if the agreement does not materialize in the short term, volatility may arise in the markets again.
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Bitcoin Sets Its Eyes on 100 Thousand Dollars with the Optimism Brought by China-US! - Coin Bulletin
Bitcoin (BTC), with the optimism brought by the potential trade agreement between the US and China, surpassed 97 thousand dollars, and investors' eyes are now on the 100 thousand dollar level.
Bitcoin has managed to surpass the significant resistance of 97 thousand dollars thanks to the positive atmosphere created by the renewed trade talks between the USA and China. Following this development, the long-awaited psychological threshold of 100 thousand dollars is back on the agenda.
The United States signaling a softening of tariffs towards China is strengthening positive expectations in the market. However, users trading on the Polymarket betting platform are skeptical about the likelihood of an agreement occurring in the short term. Bets placed on the platform show that the probability of a trade agreement being reached by June is only 20%.
Why are gamblers cautious?
Bettors are approaching with caution due to the previous hardline stance of the US administration and the uncertainty it has created in the markets. The rapid implementation of tariffs had previously caused sudden drops in Bitcoin prices. Despite the current optimism, if the agreement does not materialize in the short term, volatility may arise in the markets again.