Bitcoin set for $150K BTC price rally as US, China agree to slash tariffs

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.