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The announcement of an upcoming meeting between Trump and Xi has triggered a resurgence in Bitcoin (BTC) 
$106,749 prices. This development aligns with Trump’s typical approach: issuing dire threats before taking reconciliation steps. This scenario mirrors last week’s situation with the EU, suggesting a promising turn for cryptocurrency markets. Investors and enthusiasts are eager to see the impact on Bitcoin, Ethereum 
$2,616, and other notable digital currencies, wondering what recent analyst forecasts suggest for these cryptos.
Bitcoin (BTC) Outlook
With the normalization of US-China relations expected to continue, cryptocurrencies are poised for a recovery, although not as robust as the Geneva Agreement. Both nations have suffered economically from high tariffs, making a middle ground inevitable. For China, granting delayed rare earth element permits could diffuse tensions, potentially pushing Bitcoin back to the $112,000 level within days.
Carl Moon, a market analyst, highlighted a potential decline target of $101,750 for Bitcoin in his recent report. He anticipates a breakout soon, with Bitcoin forming a symmetrical triangle on the hourly chart. The bullish target stands at $106,400 while bearish sentiment eyes $101,750.
Currently, BTC is advancing toward an upward target, hovering around $104,600. Maintaining this level is crucial for sustaining its upward momentum.
POPCAT and Ethereum (ETH) Insights
After a thousand-dollar rally, the ETHBTC pair, long in decline, has reversed its trend. However, post-rally, the pair is experiencing lateral movement. In USD terms, ETH retreated to the 2,500-mark due to BTC sales. Analyst Fella pointed out key areas on a chart, crucial for ETH’s potential rise to $3,149, contingent on BTC’s movements.
For ETH to ascend, closing above $2,750 is necessary, paving the way for a return among altcoins. Bitcoin’s market behavior remains a vital determinant for further progression.
Popular altcoin commentator, Altcoin Sherpa, included POPCAT among his favorite subjects, remarking on a notable depreciation in many minor coins from their recent highs. He predicts a local bottom forming, although the subsequent direction is uncertain.
