The post Bitcoin reclaims $105,000: what are the next targets? appeared on BitcoinEthereumNews.com.
Gains follow reports of US-China tariff rollback. Key support at $103,818 aligns with the 50-day EMA. MACD signals bullish momentum as consolidation continues. Bitcoin (BTC/USD) maintained its footing above the $104,000 level on Monday, buoyed by rising investor confidence amid signs of easing trade tensions between the US and China. The world’s most-traded cryptocurrency touched an intraday high of $105,706 before settling near $104,420.33 at the time of writing. This move follows weeks of sideways trading, and signals a potential shift in market sentiment. Source: CoinMarketCap Optimism around the rollback of US tariffs on Chinese goods has revived risk appetite across global markets. For Bitcoin, the easing geopolitical backdrop has acted as a key driver behind recent gains. BTC jumps on macro optimism The latest surge comes as the US has scaled back tariffs imposed on China, raising hopes that global trade flows could improve and recession risks may ease. This broader economic tailwind has extended into the crypto market, pushing Bitcoin above the psychological $105,000 barrier during intraday trading. The move has been supported by bullish technical indicators. The 50-day Exponential Moving Average (EMA), currently near $103,818, has provided a strong base during recent consolidation. Bitcoin’s ability to bounce off this level has reinforced confidence among traders. Market participants are now eyeing the next resistance levels at $106,750 and $107,300. These price points align with previous supply zones and could determine whether Bitcoin can sustain its upward trajectory in the near term. Support holds at $103,818 The $103,818 level has emerged as a key line of defence for bulls. It coincides with the 50-day EMA and has served as a critical floor during the recent period of range-bound movement. If Bitcoin can continue to hold above this support, it may provide the base for a renewed push toward higher…