us and china to start talks this week, bitcoin rising again

[bitterguy28]

Chinese Vice Premier He Lifeng will attend the talks in Switzerland from 9 to 12 May, China's Ministry of Foreign Affairs says. US Treasury Secretary Scott Bessent and US Trade Representative (USTR) Jamieson Greer will represent Washington at the meeting, their offices announced. [...] But global trade experts have told the BBC that they expect negotiations to take several months.

source


bitcoin is now back at $96k after previously reaching down to $93k, is it possible that it is due to the news of us and china finally meeting to talk about the tariffs which is also what rattled the stock market and in extension crypto markets even if there hasn't been an official agreement yet? or is this just the natural course of bitcoin? rise, correct, then rise again to new ath? do you believe we may see bitcoin back at $100k this month?

[bayu7adi]

IMO, cryptocurrency will not be directly affected, because I think they were talking about Trump Tariffs that shook the global economy a few weeks ago... this might be an evaluation of that, where there will be an impact on the stock market and the crypto market too, but the impact on the crypto market will not be direct...

Trump did show his support for Bitcoin, but Trump Tariffs this time are not designed to affect BTC that much... it's really a trade war to make US Great Again... yes some of those import burdens will really shake the world, even though there is a personal grudge between the US and China...

[Ambatman]

There could be alot of reasons not excluding the fact that fed rate meeting is today and a state in US successful made its law On Bitcoin as a strategic reserve.

I doubt this is the cause, the more chaos the better Bitcoin performs.
So it should be volatility associated with fed rate meeting or pure Bitcoin just been Bitcoin.

[Aanuoluwatofunmi]

Chinese Vice Premier He Lifeng will attend the talks in Switzerland from 9 to 12 May, China's Ministry of Foreign Affairs says. US Treasury Secretary Scott Bessent and US Trade Representative (USTR) Jamieson Greer will represent Washington at the meeting, their offices announced. [...] But global trade experts have told the BBC that they expect negotiations to take several months.

source


bitcoin is now back at $96k after previously reaching down to $93k, is it possible that it is due to the news of us and china finally meeting to talk about the tariffs which is also what rattled the stock market and in extension crypto markets even if there hasn't been an official agreement yet? or is this just the natural course of bitcoin? rise, correct, then rise again to new ath? do you believe we may see bitcoin back at $100k this month?

This is just an intention for consideration of bitcoin and the big deal has not been done yet, so wouldn't argue the fact that it was behind the reason for bitcoin crossing $97,000 or not just some few hours ago, which if after the big deal has been talked about and concluded, it may be the reason to take bitcoin to all time high which we have most sorted out for any time this year, but for now, this may only be a market reaction dur to the move for such negotiation.

[densuj]

do you believe we may see bitcoin back at $100k this month?

It’s plausible but not guaranteed. If tariff talks progress, reducing economic uncertainty, risk assets could rally further, with Bitcoin potentially reclaiming $100k, especially if it breaks the $96k resistance zone. Some analysts predict $150k long-term if tariffs weaken the dollar. However, without a concrete deal, volatility remains, and a pullback could occur if talks stall, as seen when China denied negotiations in April. Bitcoins correlation with equities (around 40% with Nasdaq) means stock market stability is key.

[BitMaxz]

It’s plausible but not guaranteed. If tariff talks progress, reducing economic uncertainty, risk assets could rally further, with Bitcoin potentially reclaiming $100k, especially if it breaks the $96k resistance zone. Some analysts predict $150k long-term if tariffs weaken the dollar. However, without a concrete deal, volatility remains, and a pullback could occur if talks stall, as seen when China denied negotiations in April. Bitcoins correlation with equities (around 40% with Nasdaq) means stock market stability is key.

Actually it already broke the $96k level it is not because of tariff or any news out there but I saw outflow yesterday on Bitcoin ETF it seems they just sell yesterday and suddenly buy recently to push the price and breaks the $96k.
However, there's a sign of reversal here based on SMC bearish amd bullish FVG around $96k in 15  minutes time frame is a sign of reversal I believe it is going to fill out all FVG first and touch maybe to OB before it falls below $96k. It's just my prediction but based on my experience it usually happen however I might not be right this time.

[densuj]

It’s plausible but not guaranteed. If tariff talks progress, reducing economic uncertainty, risk assets could rally further, with Bitcoin potentially reclaiming $100k, especially if it breaks the $96k resistance zone. Some analysts predict $150k long-term if tariffs weaken the dollar. However, without a concrete deal, volatility remains, and a pullback could occur if talks stall, as seen when China denied negotiations in April. Bitcoins correlation with equities (around 40% with Nasdaq) means stock market stability is key.

Actually it already broke the $96k level it is not because of tariff or any news out there but I saw outflow yesterday on Bitcoin ETF it seems they just sell yesterday and suddenly buy recently to push the price and breaks the $96k.
However, there's a sign of reversal here based on SMC bearish amd bullish FVG around $96k in 15  minutes time frame is a sign of reversal I believe it is going to fill out all FVG first and touch maybe to OB before it falls below $96k. It's just my prediction but based on my experience it usually happen however I might not be right this time.

The recent breakout past $96k, despite yesterday's ETF outflows, suggests potential manipulation or aggressive buying to push the price higher, as you noted. The Smart Money Concept (SMC) framework you're using, with bearish and bullish Fair Value Gaps (FVGs) on the 15-minute timeframe, is a solid approach for spotting reversals. FVGs often act as magnets for price action, and your prediction that Bitcoin might fill these gaps before hitting an Order Block (OB) and then reversing below $96k aligns with SMC principles. However, macroeconomic factors, ETF flow trends, and broader market sentiment could disrupt this setup. While your experience leans toward a reversal, Bitcoin's volatility and external catalysts like institutional moves or news could invalidate the pattern. Keep an eye on volume and liquidity around these levels for confirmation.

[target]

It’s plausible but not guaranteed. If tariff talks progress, reducing economic uncertainty, risk assets could rally further, with Bitcoin potentially reclaiming $100k, especially if it breaks the $96k resistance zone. Some analysts predict $150k long-term if tariffs weaken the dollar. However, without a concrete deal, volatility remains, and a pullback could occur if talks stall, as seen when China denied negotiations in April. Bitcoins correlation with equities (around 40% with Nasdaq) means stock market stability is key.

Actually it already broke the $96k level it is not because of tariff or any news out there but I saw outflow yesterday on Bitcoin ETF it seems they just sell yesterday and suddenly buy recently to push the price and breaks the $96k.
However, there's a sign of reversal here based on SMC bearish amd bullish FVG around $96k in 15  minutes time frame is a sign of reversal I believe it is going to fill out all FVG first and touch maybe to OB before it falls below $96k. It's just my prediction but based on my experience it usually happen however I might not be right this time.

From what I have read its because of the FED announcement happening soon?

Some people says there ain't no cutting of rates but it looks like the price still goes up still. There are so many things going on now, which some speculated that will actually fall because of Pakistan vs India about to escalate their war.  But one thing they see is also the stablecoin bill where lawmakers are wiling to talk about it.

[Azharul]

Actually, if US and China to Start talks i think that it must be helpful for all crypto currency users. Because we know that few week ago US president Donald Trump take step tariff war in China, which effect spreads all China country and also crypto currency market. So if this situation will solving quickly, i think that gradually bitcoin price will increase in cryptocurrency market. Because we know that China is also a best part of world market. So i think that in this reason bitcoin price will increase gradually in cryptocurrency market. So i expect that if we want to invest bitcoin in this time, i think that it will be very prefer for us.

[SmartGold01]

bitcoin is now back at $96k after previously reaching down to $93k, is it possible that it is due to the news of us and china finally meeting to talk about the tariffs which is also what rattled the stock market and in extension crypto markets even if there hasn't been an official agreement yet? or is this just the natural course of bitcoin? rise, correct, then rise again to new ath? do you believe we may see bitcoin back at $100k this month?

Anything is possible in the space and as we know the market solely rely on news and any news could create an impact on the market, and that could be positive or negative news. Of course for the price to soar it's a positive news there is every likelihood that we might even experience Bitcoin hitting back 100k plus before this month runs out.

[Zed0X]

I don't think it's just a coincidence that BTC started to rise again after Trump said he'll make a good offer to Xi Jin Ping regarding the tariffs. If in case the meeting turns sour and the tariff war resumes, I think BTC would drop again and who knows how low it would be.

[doc]

Actually, if US and China to Start talks i think that it must be helpful for all crypto currency users. Because we know that few week ago US president Donald Trump take step tariff war in China, which effect spreads all China country and also crypto currency market. So if this situation will solving quickly, i think that gradually bitcoin price will increase in cryptocurrency market. Because we know that China is also a best part of world market. So i think that in this reason bitcoin price will increase gradually in cryptocurrency market. So i expect that if we want to invest bitcoin in this time, i think that it will be very prefer for us.

If China and the US have a tariff talk and they find a solution, we will see the crypto market will experience a significant increase. Because the impact of the tariff war between China and the US is quite felt and makes the price of bitcoin fall and have difficulty rising.
'I think the two big countries should be able to resolve this tariff issue

[snowpega]

Chinese Vice Premier He Lifeng will attend the talks in Switzerland from 9 to 12 May, China's Ministry of Foreign Affairs says. US Treasury Secretary Scott Bessent and US Trade Representative (USTR) Jamieson Greer will represent Washington at the meeting, their offices announced. [...] But global trade experts have told the BBC that they expect negotiations to take several months.

source


bitcoin is now back at $96k after previously reaching down to $93k, is it possible that it is due to the news of us and china finally meeting to talk about the tariffs which is also what rattled the stock market and in extension crypto markets even if there hasn't been an official agreement yet? or is this just the natural course of bitcoin? rise, correct, then rise again to new ath? do you believe we may see bitcoin back at $100k this month?

I was also reading that such news when I woke up this morning that China has confirmed that he will negotiate with the US regarding the tariff war. And when I opened Exchange to check the Bitcoin price, it was trading above $97k. So, maybe now the chances are higher that market conditions will be set back to their good position, hopefully soon. Because all that time when the market was down I got frustrated, hehe.

Now, I wish things would settle out soon so that we can recover the lost amount in crypto space. Well, according to you, what is the probability of the market getting stronger in the coming days? Where do you see the market in the coming days?

[Bobcrypto]

Yes, the US and China tarrif talks is a good developments for the global markets, obviously the impact of the news is already been felt, bitcoin has reacted to the news, now price is currently moving up, and $96k reclaimed as at the time of writing this post.
I am sure that Btc is likely to touch $100k before the end of second quarter, but may dip again, probably between $80k to $70k because many traders/investors will take profits at the $100k level.

[vegasus]

Hopefully, the meeting really happened and went smoothly. Both are big countries that are very influential, not afraid of each other. And so far, the global problems that have occurred also involve both of them. And finally have an impact on the global economy.

On the other hand, if the meeting produces good results, then we might indeed find a green May. Which is filled with a more fantastic increase in crypto prices, this is what is expected, we have been waiting for it for a long time, don't let it turn into a heated meeting and make the global situation even hotter.