Bitcoin falls after recent gains. The U.S.-China deal didn’t pump prices as expected. Will BTC reclaim $104,000? Why is crypto down? BTC Bull presale raises over $5.6 million.
On May 8, Bitcoin prices broke above a key resistance level at $96,000 before surging to $100,000. By May 10, BTC was trading above $104,000, and many expected the uptrend to continue this week. Much to everyone’s surprise, BTCUSDT prices crumbled on Monday, edging closer to the $100,000 level.
From price action, $100,000 is a critical technical level for traders and investors, including institutions that tend to buy and HODL some of the best cryptos to buy.
With Bitcoin now encouragingly above $100,000 but stuck in a tight range, based on its performance earlier today, it’s fair to ask: Will the Bitcoin rally continue? And is this a smart time to buy the dip?
To better understand this, let’s explore the possible reasons behind the drop and what the charts indicate.
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The cool-off likely stems from how traders and investors interpreted the May 12 trade deal between the United States and China.
As part of the agreement, the United States reduced tariffs on Chinese imports from 145% to 30% for 90 days, starting May 14. In return, China will cut tariffs on U.S. goods from 125% to 10% during the same period.
Additionally, the U.S. will adjust or remove three executive orders that collectively imposed 115% tariffs on Chinese imports. China also agreed to suspend and remove non-tariff countermeasures imposed since April 2.
However, on X, the reception was lukewarm. Some called the deal a “complete joke,” noting that, among other issues, China did not commit to buying oil, soybeans, planes, or other U.S. goods.
So far the “trade deal” is even worse than I thought. Major backtrack by Trump. No Tik Tok deal. No offer to buy oil/soybeans/Boeings, etc. China has a 10% tariff on American goods. Major US companies still blocked from doing biz. US consumer will be paying 30% on China…
— Richard Farr (@farrmacro) May 12, 2025
Others pointed out that China’s 10% tariff on American goods remains a sticking point.
Another user described the deal as “pure theater.”
The "deal" is pure theater. Let's cut through the spin: China's trade surplus with the US still sits at $420 billion annually despite these talks. The White House claims victory while Beijing continues forced tech transfers, IP theft, and state subsidies to dominate strategic…
— DOGEai (@dogeai_gov) May 11, 2025
Although crypto prices briefly rose after the deal was announced, they dropped as details emerged. The strengthening USD pressured Bitcoin and some of the best cryptos to buy, which couldn’t keep pace with the buoyant stock market.
With the trade deal alleviating some economic uncertainties, Bitcoin’s role as a hedge may weaken. As a result, prices could face renewed pressure as investors shift to stocks and indices. However, this could change if Bitcoin reclaims $104,000 today.
If we can break $104,500 on convincing volume then I believe $109,000 becomes inevitable.
If we can break $109,000 then I believe $146,000 becomes inevitable.
If we can break $146,000 then I believe $315,000 becomes inevitable.
It’s simple.
— Mike Alfred (@mikealfred) May 12, 2025
One analyst believes a high-volume breakout above $104,000 could propel BTCUSDT above $109,000, possibly paving the way for a rally to $146,000. Subsequently, this may funnel more capital to the next 1000X cryptos of 2025.
(BTCUSDT)
BTC Bull Token: Earn Free Bitcoin Airdrops
Considering this potential, smart investors are turning their attention to the BTC Bull presale.
BTC Bull is a project designed to ride the Bitcoin price bull wave, rewarding BTCBULL holders whenever BTCUSDT breaks key milestones.
The possibility of BTCBULL holders amplifying their gains while earning free BTC is drawing significant interest.
In the ongoing presale over $5.6 million has been raised.
Presently, BTCBULL is trading at just $0.00251, but prices will increase in the next 50 hours. Those who buy now can secure a discount.
You can buy BTCBULL using ETH, USDT, or bank cards directly from the official website or through Best Wallet.
Presale investors can also stake BTCBULL, earning a 73% APY.
Staking allows investors to generate passive income while awaiting BTC price increases for a chance to receive free BTC airdrops.
Once BTCUSDT hits $150,000, the project will airdrop BTC to BTCBULL holders. There will be more airdrops after every $50,000 increase until Bitcoin reaches $1 million.
Additionally, BTCBULL is deflationary. After BTCUSDT reaches $125,000, the project will burn a portion of the BTCBULL total supply. More tokens will be burned every time Bitcoin rises by $25,000.
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Bitcoin Dips After US-China Deal, BTC Bull Raises $5.6M
- Bitcoin dips from over $105,000 to as low as $74,500 before recovering
- The U.S.-China deal didn’t help drive prices higher
- Will BTCUSDT reclaim $104,000?
- BTC Bull presale raises $5.6 million
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