Bitcoin set for $150K BTC price rally as US, China agree to slash tariffs
Image Credit: cointelegraph- Bitcoin surged past $105,700 after the US and China agreed to significantly reduce tariffs, easing trade tensions.
- The cryptocurrency broke out of a bullish weekly chart pattern known as a bull flag, projecting a potential rise to $150,000.
- Market sentiment is very optimistic but may be overheated in the short term, with analysts warning of a possible pullback near $100,000 before resuming the rally.
- The tariff deal also led to gains in the S&P 500 and the US dollar, while gold prices dropped, reflecting increased risk appetite.
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