news 
US-China Trade Optimism Sparks Crypto Rally: Expert Targets $95.6 K-$98.3 K for Bitcoin
The cryptocurrency market has witnessed a remarkable turnaround, fueled by rising optimism surrounding the US-China trade disputes. As a result, major digital assets have surged in tandem with stocks, with Bitcoin taking center stage.
Bitcoin’s price has climbed above $93,000, marking its first time reaching this milestone since early March. This upward momentum is particularly noteworthy given the asset’s 12% decline during the first quarter of 2025. The rally has also led to a significant clearing of short positions, with approximately $516 million in bearish bets being liquidated over the past 24 hours.
The market’s optimism was sparked by U.S. Treasury Secretary Scott Bessent’s remarks at a JPMorgan event in Washington. His suggestion that trade tensions with China may ease has injected a renewed sense of hope into the market.
As Bitcoin continues to rise, it is crucial not to get too ahead of oneself. Ali Martinez, a respected cryptocurrency expert, emphasized that the asset still needs to breach a critical resistance zone between $95,600 and $98,290 in order to validate the upward momentum.
Source: https://bitcoinik.com/us-china-trade-optimism-sparks-crypto-rally-expert-targets-95-6-k-98-3-k-for-bitcoin/
