Bitcoin Breaks New Record High Amidst US-China Trade Deal Surge

Bitcoin’s price surged to a new all-time high, surpassing $104,000, driven by positive reactions to the recent US-China trade deal agreement. Stock markets and the U.S. dollar rallied significantly as a result of this news. Analysis suggests that Bitcoin is consolidating after experiencing rapid gains following news from the historic trade agreement. Traders are keeping an eye on near-term order book liquidity levels, which may offer potential trading opportunities. The classic moving average retest pattern indicates a strong likelihood of hitting another all-time high in the coming weeks.