Bitcoin is eyeing consolidation after rapid gains following the US-China trade deal news, with nearby liquidity forming potential targets for traders, including $102,000. A classic moving average retest indicates a new all-time high could be on the horizon. BTC hovered around $104,000 at the May 12 Wall Street open as markets reacted to the trade deal news. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating after reaching its highest levels since late January. The agreement between the US and China to reduce trade tariffs led to a 3% increase in the S&P 500 and Nasdaq Composite Index, boosting the US dollar index to one-month highs. Bitcoin positioned itself between major assets as gold fell to $3,208 per ounce. The cryptocurrency market saw increased liquidity around $103,000, with bids rising after the Wall Street open. Traders like CrypNuevo are optimistic about BTC’s future price action, citing a successful retest of the 50-week exponential moving average as a signal for a new all-time high. Earlier reports highlighted a bullish breakout signal on weekly timeframes. This article emphasizes that investment decisions carry risks and advises readers to conduct their own research.