Bitcoin surged past $97,000 triggered by news of U.S.-China trade negotiations starting on May 10.Bitcoin's realized capitalization reached an all-time high of $890 billion on May 7, showing increased investor confidence.BTC corrected 32% from its all-time high, rebounded from $73,500 support level, and broke above $90,000 resistance to rally to $99,330.In the weekly timeframe, Bitcoin forms a 'Higher High, Higher Low' pattern with strong resistance at $100,000 and $110,000.