Bitcoin approached $ 100k as Donald Trump tempted the ‘major’ trade deal. What’s next for BTC?

Bitcoin (BTC) quickly closes the $ 100,000 mark while US president Donald Trump is teasing a major trade deal, with reports suggesting that it can be included in the UK

The price of prices is in accordance with the broader scheme of technical cryptocurrency and regional markets in the traditional market. As of this writing, Asian stocks have been exchanged higher, along with futures tied to S&P 500 to 0.6%.

However, a couple of factors suggest $ 100,000 breakout may not be a good ride.

WSJ pouring cold water in optimizing

First, first, first, As per Wall Street JournalThe big deal with the trade that Trump is tempted of in the fact that social can be a “outline of an announcement with tariff adjustments.”

In other words, the upcoming announcement may be an outline of discussions that can lead to a trade deal for weeks or months from now. Thus, bullish momentum in BTC can be slow when the initial optimization is missing.

Resistance to $ 99.9K

Number discussed earlier this week.

Coinbase Premium

Coinbase Premium Indicator, which measures the spread between the price of the BTC dollar denomination in the Coinbase and Tether-denominated price in Binance, is widely seen as a proxy for demand from US-based investors.

In the past, long BTC Bull Runs were characterized by a Coinbase premium premium.

However, since late April, the seven -day transfer of the Coinbase Premium average has deviated from the price.

Bearish RSI divergence

While the BTC has set a new multi-week high in the Asian session, the 14-hour relative power index, an indicator used to measure momentum and excessive doubt and excessive conditions, did not comply with the suit.

The resulting bearish divergence suggests momentum can weaken.