Bitcoin Soars Above $107K as US-China Trade Spark Optimism
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Bitcoin Soars Above $107K as US-China Trade Talks Spark Investor Optimism

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Azeez Mustapha

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Bitcoin soars above $107k as US-China trade talks spark investor optimism. Bitcoin surged past $107,500 on Monday, fueling a bullish outlook as high-stakes US-China trade negotiations opened in London. Delegations led by US Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick are engaging with Chinese Vice Premier He Lifeng in discussions aimed at thawing global trade frictions. Market participants view potential breakthroughs as a catalyst for risk assets, with Bitcoin positioned to benefit from renewed investor confidence and a more supportive macroeconomic environment.


The cryptocurrency’s ascent reflects expectations that easing diplomatic tensions will shore up liquidity and encourage portfolio diversification into digital assets. On-chain indicators further reinforce confidence, as transaction volumes and active addresses have ticked higher in recent sessions. With central bankers and policymakers coordinating on trade stability, Bitcoin’s appeal as an alternative store of value is intensifying. Analysts suggest that, barring a sudden policy shock, continued diplomatic progress could sustain upward momentum for BTC in the coming weeks.

Key Bitcoin Levels To Watch – June 9

Bitcoin Soars Above $107K as US-China Trade Talks Spark Investor OptimismThe BTC/USD chart shows a strong bullish trend, with price recently breaking above the $108,000 resistance level. The pair has pulled back to the support zone around $108,000, which could serve as a potential entry point for further upside.

The MACD (Moving Average Convergence Divergence) shows a positive crossover, indicating continued bullish momentum. Key resistance levels are at $112,000 and $115,000, with the next major target around $125,000.

BTCUSD Key Levels 

Resistance Levels: $108,000, $115,000, $125,000
Support Levels: $96,000, $85,000, $74,000

Bitcoin METRICS

Total Market Capitalisation: $3.36T
Bitcoin Market Capitalisation: $2.17T
Bitcoin Volume: $46.91B
Market Rank: #1

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