#TradeWarEases
Bitcoin Could Hit $150K as US and China Cut Tariffs
Bitcoin is getting a big boost after the U.S. and China agreed to lower trade taxes. This news has excited crypto investors and pushed Bitcoin's price above $105,700—the highest it's been in four months.
What’s Happening?
The U.S. will reduce taxes on Chinese goods from 145% to just 30%.
China will also cut taxes on U.S. imports from 125% to 10%.
This trade peace makes investors more confident, and markets are rising.
Why Is Bitcoin Going Up? When big economies like the U.S. and China make peace, people feel better about investing. That’s helping Bitcoin and other risky assets. At the same time, safe investments like gold are dropping, showing that people are taking more risks again.
Chart Patterns Suggest More Gains Experts say Bitcoin is showing a “bull flag” on its price chart. That’s a pattern that often means the price could go even higher—possibly all the way to $150,000. Bitcoin's recent bounce and momentum indicators also point to strong buying pressure.
But Be Careful… Some analysts warn that the excitement might be too much, too soon. A tool called the “Crypto Sentiment Index” is at its highest level since late 2024—just before a past price drop. Bitcoin might fall back to around $100,000 before going higher again.
Bottom Line:
Good news between the U.S. and China has pushed Bitcoin higher.
It could go up more, maybe even reach $150,000.But short-term dips are still possible, so stay alert.
