Sentiment among Bitcoin enthusiasts is becoming increasingly bullish as Donald Trump prepares to announce a trade deal with the UK, viewed as the precursor to multiple agreements. As anticipation builds surrounding this deal, Bitcoin has approached the significant $100,000 threshold, trading at approximately $99,140 at the time of publication, having risen from around $97,759 following Trump's announcement on May 7. Analysts and crypto entrepreneurs have attributed this rally to speculation about the trade deal, with some claiming it enhances the prospects for new all-time highs in 2025. Bitcoin's previous peak was $109,000, reached shortly before Trump’s inauguration. The market’s bullish sentiment is reinforced by the Crypto & Fear Index indicating high levels of greed, and Bitcoin’s recent performance has resulted in significant liquidations of short positions. Overall, investors are viewing the trade deal as a key indicator that could propel Bitcoin past its previous all-time high soon.

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