Strong bullish estimates: An analyst from 21Shares believes that the weakness of U.S. inflation may pave the way for a Federal Reserve recession, thus providing an opportunity for BTC to rise to $200,000 by the end of the year, after surpassing the $108–110K level.

**Much higher "fair value"**: Bitwise indicated that the current price is about 110% lower than the estimated true value of $230,000 according to its quantitative model.

Positive technical trends: BTC has approached its highs of ~112K$, with the formation of a "bullish flag" pattern indicating the possibility of a rise to higher levels within 1–2 weeks.

Whale reserves: Huge trades from significant wallets using 20x leverage, with a deal value exceeding $54.5 million, reinforcing the positive outlook towards breaking the historical peak.

Impact of global agreements: Despite the trade agreement between the U.S. and China, there was a slight decline near $109–110K before a subsequent recovery driven by positive sentiment.