Bitcoin (BTC) Price Hovers Above $90,000 Mark as Renewed Optimism Sweeps the Crypto Market

As Bitcoin (BTC) hovers above the $90,000 mark, renewed optimism is sweeping through the crypto market — and surprisingly, much of it is driven by the political developments made by United States (US) President Donald Trump.

Amid the crypto market turmoil and persistent decline, surprising optimism has emerged with Bitcoin (BTC) still trading above the $90,000 mark. However, the primary driver of this renewed optimism isn’t traditional crypto catalysts but rather the political developments made by President Donald Trump.

After months of escalating rhetoric and proposed tariff hikes on China, Trump appears to be shifting his stance. Analysts are now pointing to the possible trade resolution between the two countries as the potential catalyst that could propel the Bitcoin price to $100,000.

Bitcoin Sees Reprieve As Trump Backs Off On China Tariff Hike

Bitcoin has once again seized the spotlight, breaking past the $94,000 mark in just one day. However, this rally isn’t being driven by traditional crypto catalysts like ETF inflows but rather by whale accumulation spikes and the sudden political changes in the U.S.

After months of escalating rhetoric and tariff threats, Trump appeared to pivot this week, striking a more conciliatory tone toward China. Bitcoin’s rise above its previous low below $75,000 is a testament to the market’s ready response to Trump’s unexpected policy shift, signaling a de-escalation in U.S.-China trade tensions.

The rally, which reversed weeks of sluggish price action across crypto markets, was led by Bitcoin and quickly followed by lower-cap altcoins. Based on the timing, the shift in investor sentiment is likely tied to Trump’s twin policy pivots. This not only includes easing tariffs on China but also his surprising decision to back off from removing Federal Reserve Chair Jerome Powell.

Discussions are still underway about whether China will respond to Trump’s tariff plans. In a recent press conference at the White House, Trump appeared confident that China would eventually cut a deal.

Despite his earlier use of steep tariffs as a possible intimidation tactic, the U.S. President admitted that he would no longer be playing “hardball.” Instead, he signaled a more conciliatory approach toward resolving the trade tensions with China.

BTC Price To Reclaim $100,000

Presently, Bitcoin has pulled back to $92,487 following its brief surge past $94,000. One X (formerly Twitter) market expert ‘Crypto VIP Signal’ notes that BTC is rapidly approaching a critical resistance level at $95,000 while maintaining strong support at $90,000.

A decline below the support zone could lead to further price breakdowns toward $88,000 – $80,000. Alternatively, a decisive breakout above the resistance threshold is expected to trigger a strong rally for BTC.

Other analysts have shared similar bullish sentiments, suggesting that easing tariff tensions in the U.S. and Trump’s optimistic remarks about being in talks with China could push BTC to $100,000. The analyst predicts that Bitcoin will reclaim this level once the U.S. secures a trade agreement with China.