Bitcoin Price Holds Strong as Analysts Debate $100K vs $125K Scenarios
Bitcoin (BTC) continued to demonstrate resilience over the weekend, maintaining its footing above $110,700 on Sunday, November 2. The stability comes amid renewed optimism in global markets following progress in a U.S.–China trade agreement, which briefly lifted sentiment across risk assets — including Ethereum (ETH), Solana (SOL), and Cardano (ADA).
The key question now: Will Bitcoin’s next breakout push toward $125,000, or will profit-taking drag it back toward $100,000?
U.S.–China Trade Deal Fuels Risk Appetite
Market sentiment brightened after U.S. Treasury Secretary Scott Bessent confirmed that the long-awaited trade accord between President Donald Trump and President Xi Jinping is expected to be finalized within a week.
The reassurance follows months of escalating tensions that rattled global markets. Earlier in October, China restricted exports of rare earth minerals in response to new U.S. tariffs and maritime charges, prompting a sharp sell-off in equities and cryptocurrencies alike — the largest in the sector’s history.
The conflict traces back to Trump’s 10% tariff hike on Chinese imports in February, which the administration said was driven by Beijing’s alleged failure to curb fentanyl-related chemical exports.
Although the current agreement marks a thaw in relations, economists caution that it can only undo part of the damage caused by the protracted standoff. The long-term sustainability of the truce remains uncertain, but optimism is back — at least for now.
Technical Outlook: BTC Targets $115K Resistance
From a technical perspective, Bitcoin appears to be forming a symmetrical triangle pattern, often a precursor to volatility.
Analysts highlight $107,500 as a near-term support level and $115,000 as a crucial resistance zone that could determine the next leg of BTC’s rally. If the pattern holds, traders expect continued consolidation before a potential breakout.
At press time, BTC trades at $110,489, marking a 0.20% gain in the last 24 hours. The Relative Strength Index (RSI) hovers near 50 — a neutral reading, suggesting an equilibrium between buyers and sellers.
Meanwhile, the MACD indicator shows a small bullish crossover, as the signal line turns upward and the histogram edges into positive territory, indicating fading bearish pressure.
Short-Term Scenarios: Bulls vs Bears
For Bitcoin to sustain its bullish structure, price action must hold above $110,000.
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A breakout above $115,000 could trigger an extension toward $120,000 and ultimately $125,000, confirming bullish continuation.
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Conversely, a drop below $110,000 may invite renewed selling, with potential downside targets near $105,000 or even $100,000.
As the U.S.–China trade deal nears completion, crypto investors are balancing optimism about global trade recovery with caution about macroeconomic fragility. Any sign of delay or renewed geopolitical strain could quickly reverse sentiment.
Macro Backdrop: Trade Peace Meets Market Uncertainty
This week’s developments highlight how Bitcoin’s price is increasingly tethered to macroeconomic narratives. A successful U.S.–China trade agreement could strengthen risk-on appetite, especially if equity markets rebound. However, analysts warn that geopolitical peace doesn’t guarantee monetary stability — particularly with the U.S. Federal Reserve maintaining a restrictive stance on interest rates.
Moreover, institutional flows into Bitcoin remain mixed. While spot ETF approvals and corporate accumulation provide bullish tailwinds, lingering concerns about liquidity, regulation, and miner profitability may limit upward momentum.
Bottom Line
The coming days could define Bitcoin’s next major trajectory. Staying above the $110K support zone will be crucial for bulls to maintain control.
If momentum holds and the trade deal proceeds smoothly, BTC’s path to $125K could open faster than expected. But if macro optimism fades, traders may once again test the psychological $100K threshold — turning the current calm into the next volatility storm.
As always, traders are reminded: macro optimism can boost price, but technicals decide timing.