#TradeWarEases The phrase "Trade War Eases" refers to the recent developments in the US-China trade relations, where both countries have agreed to cut tariffs on each other's goods. Specifically, China will lower tariffs on US goods from 125% to 10%, while the US will cut its tariffs on Chinese products from 145% to 30%. These reduced tariffs will remain in effect for the next 90 days, providing a window for further trade negotiations.¹

This easing of trade tensions has had a positive impact on global markets, including the cryptocurrency market. Bitcoin, in particular, has seen a surge in price, holding above $104,000 and inching closer to the $105,000 mark. Analysts believe that this news could fuel the next upward leg of Bitcoin's rally, especially considering its current position in the typical 1,100-day bull market cycle.

*Key Impacts:*

- *Bitcoin Price*: Bitcoin's price has surged, driven by improved global sentiment and investor confidence.

- *Altcoin Market*: Altcoins, particularly memecoins, have seen significant gains, with some tokens jumping 10-30% in 24 hours.

- *Market Sentiment*: The reduced trade tensions have boosted investor confidence, potentially setting the stage for further gains in the cryptocurrency market.

*Expert Insights:*

- Bitcoin's weekly MACD has flipped green, a historically bullish signal.

- The weekly RSI remains far from overbought levels, hinting at room for further rally.

- Analysts predict a potential parabolic move for Bitcoin, given its current position in the bull market cycle.