Bitcoin Price Forecast: BTC flirts $100K as market sentiment improves on Trump trade deal with the UK

By: fxstreet|2025/05/08 19:30:05
0
Share
copy
Bitcoin price nears $100,000 on Thursday after rallying for three consecutive days this week. The rally was fueled by Donald Trump's announcement of a major trade deal with a major nation, r eportedly the United Kingdom. The technical outlook suggests a continuation of the rally targeting the $105,000 mark. Bitcoin (BTC) price extends its gains, nearing the $100,000 level at the time of writing on Thursday, after rallying for three consecutive days this week. The most recent uptick was fueled by Donald Trump's announcement of a “major trade deal” that, according to the Wall Street Journal, is with the United Kingdom (UK). The technical outlook suggests a continuation of the rally targeting the $105,000 mark. Bitcoin n ears $100,000 as Trump announces trade deal US President Donald Trump announced on his Truth Social account that a “major trade deal” had been reached, which would mark the first such agreement to be announced since he imposed tariffs on dozens of America's trading partners. Trump said on the Truth Social platform that he would hold a news conference at 10:00 in Washington, DC (15:00 BST), to announce an agreement with "representatives of a big, and highly respected, country." This news announcement fuels the largest cryptocurrency by market capitalization, which is flirting around $100,000 during the European trading session on Thursday, a level not seen in the last 90 days. Tariff deals with major countries would ease the ongoing uncertainty in the global economy, improving market sentiment and benefiting risk assets such as Bitcoin. Bitcoin Price Forecast: BTC bulls aim for $105,000 before reaching an all-time high Bitcoin price was rejected from its daily resistance level of $97,700 on Friday and declined 2.89% over the weekend. However, at the start of this week, it recovered from its pullback and continued rising through Wednesday. At the time of writing on Thursday, it breaks above the $97,000 and continues to trade near $100,000. If BTC continues its upward trend, it could extend the rally toward its key psychological importance level at $105,000 before rallying to its all-time high at $109,588. The Relative Strength Index (RSI) on the daily chart moves above its overbought level of 70, indicating strong bullish momentum. However, traders should be cautious as the chances of a pullback are high due to its overbought condition. Another possibility is that the RSI remains above its overbought level of 70 and continues its upward trend. The Moving Average Convergence Divergence (MACD) indicator on the daily chart coils against each other. If the MACD shows a bullish crossover, it would give buying signals and indicate an upward trend. BTC/USDT daily chart However, if BTC faces a pullback, it could extend the decline to retest its next support level at $97,700. Related news Global crypto market cap tops $3 trillion as White House prepares major trade deal reveal Sui Price Forecast: SUI bulls aim for 15% gains as open interest and bullish bets increase among traders Arizona signs new law to secure unclaimed digital assets and establish Bitcoin Reserve Fund

You may also like

22x Subsidy to 1 USD Revenue: How Long Can the TAO Growth Myth Last?

When the Subsidy Cliff Hits, What Will Happen to TAO's Valuation?

Use the Claude Wisely, One Piece is Enough

From Environment Setup to Real-world Use Cases, Claude2026 Update: The Ultimate Checklist

Netflix is Set to Bring FTX's Story to the Screen: Portraying History or Glamorizing a Scam?

Produced by the Obama's, with an Oscar-winning screenwriter and Terminator director on board, this Netflix project is set to be a surefire hit.

People unable to buy Anthropic have driven its shadow stock up 16x

It's not the shadow that's expensive, it's the feeling of being locked out.

LALIGA Match Report: Vinícius scores as 10-man Real Madrid secure a 3-2 comeback victory in Madrid derby

In the early hours of March 23, 2026, Round 29 of LALIGA delivered a headline clash at the Santiago Bernabéu. Real Madrid hosted their local rivals, Atlético de Madrid, in a high-stakes encounter. Under referee José Munuera, the match unfolded at a fierce pace, packed with physical duels and momentum swings. After a five-goal thriller, Real Madrid held firm for a 3–2 home win, taking all three points. They remain second on 69 points, now four behind leaders Barcelona.

From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.

WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official 

Instagram: @WEEX Exchange

 Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

LALIGA Match Report: Araujo seals 1–0 win as Barça tighten grip on top spot

In the early hours of March 22 (Beijing Time), Barça edged Rayo Vallecano 1–0 at Camp Nou in a key Round 29 clash. The hard-earned win lifts Barça to 73 points, strengthening their hold on first place.

Barça controlled the game with 61% possession and a sharp 89% passing accuracy (460 passes). Rayo pushed back with intensity, earning 9 corners, but Barça's defense stayed solid. Yellow cards for Raphinha, Yamal, and Cubarsí highlighted the physical edge of the match. Second-half subs like Rashford and Olmo added fresh energy to help see out the result. Rayo remain 14th on 32 points.

WEEX Insights: As the Official LALIGA Partner in HK & TW, WEEX sees Barça’s 89% passing accuracy as a clear example of high execution with minimal error. Staying precise under pressure and finding the breakthrough reflects the same disciplined approach used in rational trading.

LALIGA interactive campaigns are coming soon—stay tuned with WEEX ⚽️

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

 Instagram: @WEEX Exchange 

Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

Popular coins

Latest Crypto News

Read more