Bitcoin's Wild Ride: Trade Pacts, Rebounds, and What It All Means

Bitcoin's recent rebound is entangled with global trade pacts. We dissect the impact of trade agreements on Bitcoin's price and future, offering insights for savvy investors.

Bitcoin's Wild Ride: Trade Pacts, Rebounds, and What It All Means

Bitcoin's been on a rollercoaster, folks! Lately, its moves are tied to whispers of new trade agreements and potential rebounds. Let's dive into the nitty-gritty (around 150 characters) of how these things are shaking up the crypto world.

Trade Winds and Bitcoin's Sails

Remember that new transatlantic trade agreement that U.S. President Trump announced? Well, the buzz around that deal—including those juicy EU commitments of an extra $600 billion in investments, U.S. arms sales, and a unified 15% car tariff—has crypto analysts all sorts of excited. European Commission President Ursula von der Leyen called it a step toward “stability and long-term confidence” in trade relations.

Following the announcement, Bitcoin (BTC) bounced back from a low of $115,000 to hover around $119,000–$120,000. Key resistance zone, anyone?

The $120,000 Question

Bitunix Analysts are watching the support and resistance levels like hawks. They noted that a breakout above that $119,000–$120,000 mark, especially with some serious volume, could send BTC soaring toward $122,000. But if it dips below $115,000? Watch out, bears might be back in town. Keep an eye on those U.S. macroeconomic data drops too, like inflation and job market trends, because they'll set the mood for the whole market.

Macroeconomics and Technicals: A Tricky Tango

While trade deals can pump up the