Bitcoin Figure 150K BTC Cheni Rally Setup AS US, China agrees to cut down tariffs

The key are displayed:

• Bitcoin broke over $ 105,700 after the United States and China agreed to hair tariffs.

• Confirmed bike flags on weekly graphics graphs Projects $ 150,000.

• The Binvino Sentiment Index warns of potential short-term overheating.

Bitcoin (Btc) The beeches cheered great development in current talks on American-China, and cryptocurrenci risen over 105,700 marks in the amount of 105,700 marks in four months, further confirms the setting to continue bakery with 150,000 price prices.

US-China Treaty Trimmer Gorivo Gori Bitcoin

The catalyst seems behind Bitcoin to be de-escalating Trade tensions between the US and China.

Over the weekend, the US Secretary of Treasury Scott Bessent And the Chinese Vice President who Lifeng hit in Geneva in Geneva to reduce tariffs that have stalled bilateral trade for months.

According to the contract, the US will lower tariffs on Chinese goods from 145% to 30%, while China will reduce its duties in the import of US with 125% to 10%.

Related: The US Trade Agreement could illuminate in case of using Bitcoin: merchant

The agreement has launched widely based on the rally, with S & P 500 futures increases 2.8%, and the US dollar received 0.7%. In contrast, gold lowered 2.3%, signaling the shift from secure assets.

Bitcoin, is often seen as High-beta risky fundsHe suffered under the gravity of the Trading War, with an increased investor cautiously suppressing the crypt’s inflow. Truce now signal improved risk liquidity and appetite, conditions historically favorable for BTC gatherings.

The Flagout Brocout indicates the target of $ 150,000

The current bitcoin rally follows the interruption of the textbook A Sample Taurus Flag On the Sunday chart, setting up the bacara is formed when the price consolidates down in a parallel channel after sharp movement upwards.

In the case of Bitcoin, the flag started forming after the BTC reached almost $ 110,000 in January. Consolidation lasted for months until the beginning of May when the price broke above the upper flag level with a small increase in volume.

This interruption confirms the bullishning continuation, with the design of the sample, and now sitting near the 150,000 dollars, measured after adding the starting flag to the end of the interruption.

Imagination indicators including Relative power index (RSI)They also support, with a weekly bundry of RSI above 65, reflecting the renewed purchase pressure without entering the transferred territory above 70.

BTC can return to $ 100,000 first

Some analysts call for caution as Bitcoin’s feeling becomes euphoric.

Andre Dragošch, European Head of Research in Bobra, notes If the CARPTOASSET index of the felt company reached the highest level from November 2024. years, the level previously harmonized with local tops on the market.

The chart shows that the peaks in feeling, like those in April 2022, October 2023 and November 2024. Followed by short corrections or in lateral prices.

This suggests that growing optimism can be stretched, raising risks from almost the notion of return despite the strong long-term look of Bitcoin.

The price of Bitcoin again regained its rise above $ 107,000 from 12. May, with their daily RSI alarming list.

The next goal of Sitting Called About $ 100,000, is aligned with its 0,786 Fibonaccation retrosic.

The decisive drop below the level could have BTC testing its exponential movable average (EMA) below, with 20-day EMA (purple wave) to about 97,385 as an initial target.

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