After experiencing a significant pullback, Bitcoin has once again returned above $100,000. Has the narrative in the crypto world changed again?

Driven by news of easing trade tensions in the United States, Bitcoin rose continuously on Wednesday and Thursday, returning to above $100,000; the second-largest token, Ethereum, approached $2,500 on Friday.
These trends continued the upward momentum that began on Wednesday, following the news that China and the United States would hold trade talks in Switzerland, signaling a possible easing of the deadlock between the world's two largest economies.
eToro market analyst Josh Gilbert stated: The market has clearly shifted to a more risk-on tone over the past week. Trade tensions seem to be easing, and Trump has indicated a willingness to negotiate, which helps boost sentiment for risk assets (especially Bitcoin).
Bitcoin refreshed its historical high above 109,000 USD on January 20 of this year, when the crypto world was filled with optimism about Trump's friendly environment plans for US crypto operators. However, Trump's tariff announcement later put pressure on the crypto world. Bitcoin has dropped about 32% from its historical high, falling below 75,000 USD in early April.
BTC Markets cryptocurrency analyst Rachael Lucas stated that psychologically significant round numbers like $100,000 often prompt short-term profit-taking; she added that if Bitcoin returns to that level, traders locking in profits may lead to a period of consolidation.
A Standard Chartered analyst who once predicted that Bitcoin would reach $120,000 in the second quarter is now stating that his price prediction was too low.