Bitcoin drops to $ 94,000

Bitcoin started the week steadily, trading above $ 94,000, despite the overall weakening of the crypto market. Investors are focused on waiting for news about a possible trade agreement between the US and China, which could significantly affect further market movements.

Bitcoin is currently facing technical resistance in the range of $ 93,000-$ 95,000. If it is overcome, analysts predict potential growth to over $ 100,000. At the same time, investors remain cautious due to general economic uncertainty, although BTC is beginning to show some separation from traditional capital markets.

Trading activity remains subdued due to the holiday weekend in major Asian economies, including China, Japan, Hong Kong, and South Korea. This limits liquidity and reduces trading volumes. Nevertheless, the FX market has seen regional currencies strengthen, indicating growing confidence in Asian technology companies.

Expectations regarding the US-China trade deal remain uncertain. The risks of geopolitical tensions and changes in tariff policy continue to shape market expectations in the coming weeks.

In general, bitcoin is showing resilience amid reduced interest in risky assets, but further price movements are largely dependent on external macroeconomic events.