#NewsAboutCrypto

Bitcoin (BTC) is approaching its all-time high of $109,000, buoyed by easing U.S.-China trade tensions and anticipation of favorable inflation data. Currently trading around $103,967, BTC has seen a significant rebound from its April low of $75,000, marking a nearly 40% increase.

The recent trade agreement between the U.S. and China, announced after two days of negotiations in Geneva, has positively influenced market sentiment. Both nations are expected to release a joint statement detailing the outcomes of these talks.

On the technical front, Bitcoin is exhibiting a bullish consolidation pattern on the 4-hour chart, suggesting a potential continuation of its upward trajectory. Analysts are closely watching the $104,000 resistance level; a decisive break above this could pave the way for BTC to test and possibly surpass its previous high.

Investor sentiment is further bolstered by substantial inflows into spot Bitcoin ETFs, indicating growing institutional interest. Additionally, the upcoming U.S. Consumer Price Index (CPI) data is anticipated to show a slight decrease in inflation, which could reinforce expectations for a more accommodative monetary policy from the Federal Reserve.

In summary, the convergence of positive geopolitical developments, technical indicators, and macroeconomic factors positions Bitcoin on a promising path toward setting new record highs.

---

---