Bitcoin (BTC) is trading relatively neutral at around $83,890 this week, outperforming Ethereum (ETH), which dipped by 1.27% to $1,571. The flagship cryptocurrency rebounded strongly from key support at $75,000, buoyed by its underlying uptrend. However, continued trade war tensions between the U.S. and China are capping its momentum toward the $100,000 psychological level.

U.S. President Donald Trump has once again raised the stakes, threatening to hike tariffs on Chinese imports to 245% unless Beijing reduces its retaliatory duties. This renewed friction is preventing risk assets—including crypto—from pushing higher, despite recent signs of resilience.

Market sentiment, however, remains largely composed. Bitcoin briefly dipped to $83,064 before recovering, reflecting a broad consensus that the current U.S.–China deadlock is unsustainable and likely to ease. Optimism is mounting that a resolution—or at least a pause in hostilities—could provide fresh momentum for risk-on assets.

In the options market, $100,000 remains the dominant strike price for Bitcoin, indicating widespread expectations of further gains once the geopolitical clouds clear. Should trade talks resume and tensions ease, BTC could reclaim its bullish trajectory and make a fresh push towards this key milestone.