Bitcoin appears poised to reach the landmark price of $100,000, fueled by growing optimism surrounding an upcoming U.S.–China diplomatic meeting this weekend.

📈 BTC Targeting $100K
At the time of writing, Bitcoin trades above $99,000, entering a zone of strong resistance. The leading cryptocurrency has gained ~3% in the past 24 hours and 5% over the past week.

🔥 Derivatives Cooling Off
The derivatives market is calming down. Liquidations have decreased by more than 7% in the last 24 hours, now totaling under $300 billion, mostly from short positions, according to CoinGlass.

📊 Bitcoin Dominance and Greed Sentiment
Data from CoinGecko shows BTC’s market dominance at 62%. Meanwhile, the market sentiment index signals greed, indicating a sharp shift in investor mood over the past week.

🌐 Macro Forces at Play

Recent Bitcoin movements are largely driven by macroeconomic events:

U.S.–China Meeting: Officials from both countries are set to meet this weekend to discuss a potential trade deal, following recent tensions over proposed tariffs.

🏦 Fed Holds Rates Steady: Yesterday, the U.S. Federal Reserve maintained its benchmark interest rate at 4.25%–4.5%. BTC briefly dipped on the news but quickly rebounded as markets stabilized.

🧾 FOMC Outcome: No surprises were delivered. The Fed reiterated its long-term inflation target of 2%, aligning with recent inflation data from the past month.

🔚 Conclusion

Bitcoin is knocking on the door of $100K. Whether it breaks through or pulls back may depend heavily on the outcome of high-stakes global negotiations and the tone of monetary policy in the weeks ahead.

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