$BTC $BTC The bitcoin bull run got fuel; China and the U.S. reached an agreement

The "tariff war" enters a new stage marked by negotiations and the search for alliances. Bitcoin is approximately $5,000 away from reaching a new all-time high.

The market already has the fuel it needs to start a new bullish rally.

The price of bitcoin (BTC) has been hovering near its all-time high for 5 days but has not yet broken it. Now, with the engines revved and the macroeconomic wind at its back, it can be assumed that the next major bullish rally is about to begin.

This Monday, May 12, global markets received one of the most anticipated news of the year: the United States and China reached an agreement to reduce tariffs and suspend a good part of the reciprocal fees for 90 days. This is an immediate relief in a trade war that had been rapidly escalating, affecting not only the bilateral relations between both powers but also global trade, commodity prices, and risk appetite in financial markets.