From Yahoo Finance: 2025-05-10 14:02:00

Bitcoin surged 2.2% after China confirmed trade negotiations with the U.S., lifting global markets. The cryptocurrency hit a low during U.S. equities market open, then rallied above $92,700, forming higher lows since April. Traders eye resistance levels at $97,865, $100,112, and $110,000 for potential breakout signals.

Market sentiment improved with U.S.-China trade progress, boosting risk assets like Bitcoin. Institutional adoption and macroeconomic factors influence Bitcoin’s price action. Short-term focus is on maintaining momentum and challenging resistance levels cautiously. The bounce reinforces a positive outlook, setting the stage for further gains if key levels are breached.



Read more at Yahoo Finance: Bitcoin Reverses And Closes Up 2% After China Confirms Plans To Begin Trade Negotiations With The U.S.