Bitcoin Price Prediction: BTC Approaching ATH, US-China Trade Protocol Excites the Market:

The price of Bitcoin stabilized around $104,000 on Monday, after rising 10.44% in the previous week.
Risk appetite is boosted as the U.S. and China reach a significant 90-day tariff reduction agreement.
Metaplanet announced on Monday that it added 12.53 million worth of 1,241 BTC, bringing its total holdings to 6,796 BTC.
The price of Bitcoin (BTC) was stable at around $104,000 at the time of writing on Monday, following a 10.44% increase last week. With the United States and China agreeing to significantly reduce taxes within 90 days, risk appetite has gained momentum, which may drive up the prices of high-risk assets such as Bitcoin. In addition, Metaplanet announced on Monday that it has added 1,241 BTC worth $125.3 million, bringing its total holdings to 6,796 BTC.
Risk appetite is high due to the significant tariff reduction agreement reached between the United States and China.
On Monday, the United States and China announced a 90-day tariff reduction agreement, lowering U.S. tariffs on Chinese goods from 145% to 30%, and Chinese tariffs on U.S. goods from 125% to 10%. According to Bloomberg, the agreement was reached after weekend negotiations held in Geneva, Switzerland, led on the U.S. side by Treasury Secretary Scott Bason and U.S. Trade Representative Jamison Greer, and on the Chinese side by Vice Premier He Lifeng.
In addition, the trade agreement between the United States and the United Kingdom was announced on Thursday. The trade imposes a 10% tariff on goods imported from the UK to the US, while the UK agrees to reduce its tariffs from 5.1% to 1.8% and provide greater and faster access for US goods.
The easing of the tariff dispute between the United States and China, along with the situation in the UK, has sparked a risk appetite in the crypto market, boosting investors' confidence in high-risk assets such as Bitcoin. Bitcoin is approaching its all-time high of $109,588 set on January 20.
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