Bitcoin Breaks Above $100,000 As Momentum Builds and Trump Urges Americans To ‘Buy Stocks Now’ Amid Trade Deal Optimism
From Yahoo Finance: 2025-05-13 21:00:00
Bitcoin surged 7.5% overnight to $104,000, surpassing $100,000. Trump’s endorsement of American equities further fueled market enthusiasm, leading to optimism around a potential trade deal with China. The $102,560 resistance level is crucial for Bitcoin’s bullish momentum, with support zones at $101,100, $100,000, $96,831, and $93,327 being watched closely.
Despite a slight pullback, Bitcoin remains bullish on daily and four-hour charts. The asset shows a strong uptrend, with high volume and trader participation. Sustaining the $100,000 breakout as a support zone will depend on macroeconomic factors and investor sentiment, with the market responding to Trump’s optimistic stock outlook. This historic moment could signal the start of a new chapter in the bull market.