RE: LeoThread 2025-10-19 23-47
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Bitcoin reaches $111K as classic chart pattern projects 70% gains next
Is Bitcoin ready to continue its bull run?
Bitcoin (BTC) rose back above $111,000 at the start of the European trading session on Monday as improving macroeconomic conditions sparked renewed investor confidence.
The latest rebound in Bitcoin has been driven by improving macroeconomic conditions, with US President Donald Trump confirming a summit with China’s Xi Jinping on Oct. 31.
The de-escalation of tensions and growing chances of a trade deal between the US and China are positive price catalysts for cryptocurrencies.
Crypto prices had recently slumped from major macroeconomic headlines, including Trump’s China tariffs announcement and mounting concerns regarding US regional banks’ involvement with bad loans.