Bitcoin Eyes Breakout Above $103K as US-China Truce and SEC Plans Steady Markets

Bitcoin holds $103K support after U.S.-China tariff truce and SEC token rule plans. Breakout above $103.4K could signal retest of $105.7K.

Maham Arslan•Tuesday, May 13, 2025•1 min read

Bitcoin Eyes Breakout Above $103K as US-China Truce and SEC Plans Steady Markets

Quick overview

Bitcoin holds $103K support after U.S.-China tariff truce and SEC token rule plans. Breakout above $103.4K could signal retest of $105.7K.

Bitcoin (BTC/USD) is trading at $103,429 after dipping from last week’s $105,000 high. The 1.9% drop was due to profit-taking after $100,000 and ahead of today’s US inflation data.

Recent buying was driven by easing US-China trade tensions but investors are now cautious with macro data to guide the next move. This volatility shows how Bitcoin is still very reactive to global risk sentiment even at all-time highs.

BTC/USD

US-China Tariff Pause Gives Short-Term Boost

Markets were lifted by a 90-day tariff truce between US and China. The deal includes:

US tariffs on Chinese goods reduced from 145% to 30%
China’s tariffs on US goods cut from 125% to 10%
De Minimis imports from China now taxed at 54%, down from 120%, with a $100 flat fee

This temporary de-escalation has given a small lift to equities and crypto but overall sentiment is still risk-sensitive.

Regulatory Progress Boosts Crypto Confidence

In other news, SEC Chair Jay Clayton proposed a new regulatory framework for digital tokens—giving clarity on token classifications, exemptions and issuance. This is a step forward for institutional adoption.

Meanwhile, American Bitcoin, a mining firm tied to Eric Trump and Donald Trump Jr., announced a Nasdaq listing through a merger with Gryphon Digital. Hong Kong’s Animoca Brands also confirmed plans for a US IPO, showing global interest in crypto-linked stocks.

Bitcoin Price Chart - Source: Tradingview — Bitcoin Price Chart – Source: Tradingview

Technical Analysis: BTC Bulls Eye $103.4K Breakout

Bitcoin BTC/USD has bounced strongly from the $101,940 support which is the 38.2% Fibonacci retracement and an ascending trendline. Price is now testing the 23.6% Fib resistance at $103,394. A confirmed breakout could target:

Target 1: $104,589
Target 2: $105,732
Buy Entry Zone: $103,000-$103,500
Stop Loss: Below $101,900

The 50-period EMA at $102,697 is supporting the bullish structure. Watch for MACD crossover or volume spike to confirm.

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ABOUT THE AUTHOR See More

Maham Arslan

Crypto News Writer | Blockchain & Web3 Reporter

Maham is a crypto news writer and market analyst specializing in breaking down the latest developments across blockchain, digital assets, and decentralized finance (DeFi). With hands-on experience covering high-impact stories—from regulatory shifts and token launches to macro-driven price movements—she delivers timely, accurate, and SEO-optimized content for fast-growing crypto media platforms. Her expertise lies in producing daily news reports, price predictions, technical summaries, and coverage of market-moving events. Maham tracks real-time updates across global newswires, X (Twitter), and on-chain data to provide actionable insights tailored for retail traders, crypto enthusiasts, and institutional readers. With a strong grasp of crypto fundamentals and Web3 trends, she delivers content that’s informed, accessible, and always on time.