Trump Just Flew To China With Elon Musk, Larry Fink, And Jensen Huang: Is A Trade Deal News About To Send Bitcoin To $90,000?

What Happened

2 external variables are in play this week. Kevin Warsh’s expected confirmation as Fed Chair and the CLARITY Act markup are scheduled for Thursday. Both are net positive for BTC if they land clean. Both could introduce volatility that resets the setup if they do not.

Market Context

Bitcoin price climbed to a 24-hour high of $81,000 as Trump-China trade news pushed BTC toward its most structurally significant resistance in months.

President Donald Trump’s state visit to China, the first U.S. presidential trip to the country in nearly a decade, landed with immediate market impact.

Markets are pricing in a specific scenario: a framework agreement between Trump and Xi Jinping that eases tariffs on semiconductors and electronics, tariffs that peaked at 60% on Chinese goods in late 2025, alongside potential deals on rare earths and aviation.

Bitwise strategist Juan Leon framed the stakes precisely, stating that “reduced tariff risks could unlock $1 trillion in sidelined capital for crypto.”

Bitcoin price is trading above $81,000 after printing a session high of $81,248, recovering from a $79,832 low set earlier when CPI data disappointed.

The first meaningful resistance cluster sits at $82,500 to $83,500, a zone that has capped multiple recovery attempts over the past 2 weeks.

Clearing $90,000 on above-average volume opens the door to $93,000 to $95,000, the range where BTC traded post-election in November 2024. The SMA-50 at $84,500 needs to flip to support before a clean $90,000 test becomes structurally sound rather than just a spike.

Why It Matters

Trump boarded Air Force One with a delegation of over a dozen U.S. executives, including Tesla’s Elon Musk, Apple’s Tim Cook, BlackRock’s Larry Fink, and, confirmed as a last-minute addition on May 13, Nvidia CEO Jensen Huang.

US Treasury Secretary Scott Bessent began preparatory talks with Chinese officials in South Korea ahead of the summit, with meetings scheduled with Chinese Vice Premier He Lifeng on Wednesday. Successful outcomes could stabilize global supply chains and directly reduce one of the key macro headwinds suppressing risk appetite.

Near-term, if the Trump-Xi summit produces even a preliminary trade framework by May 15, Bitcoin’s path to $88,000–$90,000 opens quickly.

If talks stall, the unwinding of the Trump trade could be sharp. BTC already dipped to $79,832 when US CPI came in hot at 3.8%, demonstrating how quickly macro data can cut through geopolitical optimism

Details

The question now is whether the geopolitical narrative has enough legs to carry BTC through $90,000, or whether the move is front-running an outcome that hasn’t materialized yet.

What Is the Trump-China Trade Driving Bitcoin Toward $90k?

Can Bitcoin (BTC) Break $90,000 Upon the News?

Above that, $88,000 to $90,000 is the decisive range. The 200-day SMA sits in that vicinity, and $90,000 has become a magnet for stop orders and institutional limit sells.

On the downside, $79,500 to $80,000 is the line that must hold. A daily close below $79,500 breaks the current higher-low structure and reopens the $75,000 to $76,000 support band.

The bull structure is intact above $80,000, but not yet confirmed as a trend resumption. That confirmation requires a clean close above $84,500.

The chart needs a daily close above $84,500. Everything else is noise until that print.

The post Trump Just Flew to China With Elon Musk, Larry Fink, and Jensen Huang: Is a Trade Deal News About to Send Bitcoin to $90,000? appeared first on Cryptonews.