[Analysis] "Bitcoin (BTC) Could Retest All-Time Highs if It Settles at $100,000"

Bitcoin (BTC) briefly surpassed $99,000, nearing the psychological resistance level of $100,000. Analysts suggest that positive macroeconomic signals and increased institutional demand are driving the upward trend.

On the 8th, the cryptocurrency-focused media outlet The Block reported, "Bitcoin briefly surpassed $99,000 today, with $100,000 in sight," adding, "The rise is backed by a positive macro environment and institutional buying pressure."

Rachel Lucas, a cryptocurrency analyst at BTC Market, assessed, "This rise is not just a psychological milestone but a strong signal of conviction." She explained, "If Bitcoin settles above $100,000 in the coming trading days, it could attempt to reach an all-time high again," adding, "This rally is the result of a combination of factors beyond investor sentiment, including post-halving supply constraints, expansion of institutional infrastructure, and macro interest in non-correlated assets."

The rise in Bitcoin's price is interpreted as being catalyzed by expectations of renewed US-China trade negotiations. Minjeong, an analyst at Presto Research, stated, "Headlines related to trade negotiations during the Asian session on Wednesday stimulated investor sentiment."

She noted, "The US Federal Reserve's decision to keep the benchmark interest rate unchanged also supports the preference for risk assets," and predicted, "Market volatility could further increase depending on what President Trump announces in his major trade-related speech scheduled for 10 a.m. the next day."

Meanwhile, US Treasury Secretary Scott Vessent and Trade Representative Jamison Greer are scheduled to meet with Chinese officials in Switzerland this weekend. According to the Wall Street Journal, President Trump is expected to officially announce a trade agreement with the UK on Thursday.