Bitcoin Breaks $104,000: Technical Factors Point to Continued Growth

Bitcoin prices surged past $104,000 on Wednesday, closing in on its all-time high of $109,000. The market move is attributed to easing U.S.-China trade tensions and strengthening technical indicators. Both nations announced reduced tariffs on certain imports and exports, boosting risk appetite across the financial landscape. 1.02 Taker Buy Sell Ratio provides a key signal for market turning points. 1.02 – which means there are more buyers than sellers – has historically been a strong indicator of price momentum.