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Home » Bitcoin Price Surges Above $95,000 Amid Renewed China-US Trade Talks
Crypto

Bitcoin Price Surges Above $95,000 Amid Renewed China-US Trade Talks

By Hamza ShahMay 8, 2025No Comments3 Mins Read2 Views
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Bitcoin safe-haven concept – BTC positioned as a hedge during global market volatility.
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Bitcoin Regains Bullish Momentum as Geopolitical Tensions Ease

Bitcoin (BTC) broke decisively above the $95,000 resistance level on Thursday, fueled by optimism surrounding renewed China-U.S. trade negotiations. As Treasury Secretary Scott Bessent confirmed high-level tariff talks are scheduled for the upcoming weekend, global markets rallied, including digital assets.

China-US Trade Talks Calm Market Nerves

Investor sentiment improved significantly after China confirmed it would engage in formal tariff discussions with the U.S. Treasury. The geopolitical breakthrough offered a welcome respite from months of economic uncertainty and boosted demand for risk-on assets like Bitcoin.

BTC Technical Overview: Breakout Confirmed, Volume Still Lags

Bitcoin has now reclaimed a critical Fibonacci cluster near $95,000, invalidating the recent bearish pullback scenario. Daily and weekly charts show strong bullish signals as BTC remains above the TBO Cloud. However, analysts caution that daily trading volume remains subdued—a stark contrast to the high-volume rallies of October 2023 and 2022. Without a pickup in volume, the rally risks losing steam unless supported by additional macroeconomic tailwinds.

Bitcoin Dominance Rises, Altcoins Under Pressure

BTC’s dominance over the crypto market climbed above 65%, highlighting its relative strength. Stablecoin dominance remains in a bearish consolidation zone, and the Top 10 Dominance index is weakening. Although OTHERS.D (altcoin market cap excluding the top 10) is showing an RSI rebound, momentum remains insufficient for a full breakout.

Market Cap Indicators Show Bullish Bias

The TOTAL crypto market cap is approaching resistance at $2.97 trillion. Meanwhile, TOTAL2 (excluding BTC) confirmed a TBO Open Long signal—a bullish development. Still, low trading volume remains a limiting factor. The OTHERS market cap continues testing long-term resistance for the 12th consecutive day, with a breakout potentially imminent.

Volatility Watch: BVOL7D Signals Incoming Market Move

BTC volatility remains near record lows, but BVOL7D’s second TBO Breakdown suggests volatility is returning. Should the indicator dip toward “2,” historical patterns suggest a sharp breakout is likely, favoring the upside given current price structure and bullish momentum.

Bitcoin vs. Gold: Digital Asset Strengthens Relative to Safe-Haven Metals

As trade fears diminish, Bitcoin is outperforming gold. The BTC/Gold ratio has rebounded off the TBO Fast line, resembling previous bullish setups from 2023. Meanwhile, PAXG/BTC is mimicking patterns seen ahead of Bitcoin’s October 2023 surge.

Altcoin Market Update: Mixed Signals and Early Breakouts

Ethereum (ETH) remains stagnant despite the upcoming Pectra upgrade. Other major altcoins like BNB, SOL, and LTC showed stronger moves, with LTC gaining 14% and reaching a new local high. AAVE confirmed a TBO Open Long, and CRO is nearing a similar confirmation.

Smaller-cap assets such as KAITO, JTO, and XCN are displaying bullish divergences or bouncing from key support zones. However, the overarching theme remains weak volume across altcoin charts, signaling hesitation among retail and institutional traders.

Outlook: BTC Targets $100,000 Amid Policy and Trade Clarity

Bitcoin now eyes the psychological $100,000 mark. Continued bullish momentum will likely depend on:

  • Success of U.S.-China trade negotiations
  • Federal Reserve policy guidance
  • Sustained spot ETF inflows
  • Return of higher trading volumes

Stay tuned to www.dailyforex.pk for real-time updates, technical analysis, and expert insights into the cryptocurrency market.

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