The Bitcoin price has been recovering steadily amid renewed optimism surrounding the upcoming Trump–Xi meeting on October 30th. Historically, the BTC price has reacted strongly to macro events tied to trade relations between the U.S. and China, often rallying when diplomatic sentiment improves. As both nations resume discussions on tariffs, the market anticipates that easing trade tensions could boost global liquidity and risk appetite.
Bitcoin Price Structure Shows Buyers In Control, With A Clear Path To $125K
The BTC price and Bitcoin price both improved after a clean breakout above the descending channel. Buyers defended $112K intraday, while $106K remains the invalidation shelf where deeper bids cluster.
Resistance sits at $117K, a neckline from the prior breakdown, with $125K the measured channel target. At press time, Bitcoin value sits at $115,135, up 2.34% in the last 24 hours, reinforcing short-term bullish momentum
Notably, the DMI indicator shows strong buy-side dominance, with +DI at 37.7 outperforming –DI at 9.8. Besides,the ADX around 26.3 shows trend strength strong enough to carry advances without exhaustion signals.
Higher lows since the $106K sweep confirm control shifting to demand, while wicks near $114K show eager absorption. Volume expanded on green candles, then cooled during pullbacks, which supports healthy continuation odds.
Specifically, a close above $117K unlocks fast air into $121K–$125K offers. These readings back constructive long-term Bitcoin price projections, with risk managed below $112K on a closing basis.
BTC/USD 4-Hour Chart (Source: TradingView)Trump–Xi Deal Could Be The Macro Trigger Bitcoin Needs
If President Trump announces tariff relief with China on October 30, the Bitcoin price setup gets an ideal macro spark. Trump tariff tensions have reduced as the U.S. and China hold positive trade talks ahead of the Oct 30 summit.
Reduced trade friction usually lifts global liquidity expectations and risk appetite, which historically aided the BTC price.
The current structure favors a headline-driven extension because resistance overhead is thin after $117K. A deal that outlines near-term rollbacks or phased reviews could flip $117K into support quickly.
That flip would align with strong DMI readings, inviting trend followers to press longs. Improved export outlooks also support equities, and crypto often tracks pro-growth flows during uplifts. Meanwhile, dollar softness that follows easing tensions would further help crypto bids.
Specifically, a decisive daily close above $121K would likely invite $125K tests. Failure to secure a deal risks range-bound chop between $112K and $117K. Even then, the constructive base argues any dips stay sponsored by responsive demand.
Conclusion
Both the technical chart structure and upcoming trade meeting align to favor a bullish continuation. The breakout pattern, strong DMI readings, and solid buyer strength all suggest that Bitcoin remains in accumulation mode. A positive outcome from the Trump–Xi summit could amplify that momentum, bridging technical conviction with macro optimism. Unless $112K gives way, the probability of Bitcoin reclaiming $125K continues to strengthen.
Source: https://coingape.com/markets/can-bitcoin-price-break-125k-if-president-trump-announces-deal-with-china-on-october-30th/
