Bitcoin (BTC USD) has exploded to $105,000 as it edges closer to all-time highs. The reason for Bitcoin’s latest breakout is the easing of trade tensions in the ongoing US-China tariff war.
A fresh deal was struck between the two nations over the weekend, and US Treasury Secretary Scott Bessent and Chinese Vice President He Lifeng agreed to slash tariffs on both sides.
BREAKING: 🇺🇸🇨🇳 United States cuts tariffs on Chinese goods from 145% to 30% for 90 days.
China lowers tariffs on US from 125% to 10% for 90 days. pic.twitter.com/FaRJfZA1hu
— Watcher.Guru (@WatcherGuru) May 12, 2025
Fresh US-China Tariff Deal Injects Fresh Momentum Into Bitcoin: New BTC USD All-Time High Soon?
The deal will see the US lowering its tariffs on Chinese goods from 145% to 30%, while China will reduce its duties on US imports from 125% to 10%.
The agreement has triggered a widespread market rally across both TradFi and crypto. The S&P 500 futures have risen 3% while Bitcoin is up 2% on the day. In contrast, gold has dropped 2.3%, highlighting a shift from safe-haven assets to risk-on assets.
With this overnight Bitcoin rally, a bull flag pattern has been painted on the weekly BTC USD chart. This pattern is a bullish continuation setup formed when the price consolidates downward in a parallel channel after a sharp move to the upside.
Bitcoin was in a consolidation phase for months until early May, when the price broke above the flag’s upper trendline due to an increase in volume and bullish macroeconomic catalysts.
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This breakout confirms bullish continuation. The pattern’s projected upside target is now near $150,000, measured after adding the height of the initial flagpole to the breakout point.
We have now entered a stage where traders and analysts say that any dip in Bitcoin here is to be bought and that shorts aren’t advised.
Notable trader Edward Morra (@edwardmorra_btc) echoes this statement in his latest post: “If you sidelined or were looking to buy a dip, your best bet on a low time frame is to set up stink bids (or better yet watch for a bullish setup) below $102k. It’s not worth shorting, but rather looking for a dip if it comes.”
Momentum indicators, including the relative strength index (RSI), are also supportive of BTC’s continuation. The weekly RSI rebounded above 65, reflecting renewed buying pressure without entering overbought territory, which comes above 70.
BTC Bull (BTCBULL) Is The Hottest BTC Beta Play Right Now With Upcoming BTC Airdrops
With Bitcoin now in a ‘buy-every-dip ‘ phase as we head toward a new all-time high and breakout over $110,000, BTC Bull (BTCBULL) is the must-have altcoin.
More than just a meme coin, BTCBULL holders are set to receive multiple Bitcoin airdrops, starting once BTC hits $150,000. From there, a fresh BTC drop will happen at every $50k price increase. No crypto investors will sit more comfortably in this upcoming bull run than BTCBULL holders.
By positioning into BTCBULL, investors are allocated into BTC via the airdrops while holding a blue chip meme coin that could be the next 100x runner.
The value of BTCBULL is sure to soar, and not just because of the Bitcoin airdrop mechanics. The team has also included a token burn mechanism, meaning a percentage of the BTCBULL supply will be burned at every $50k price increase for Bitcoin, starting at $125k.
Sidelined investors can purchase BTCBULL today using ETH, USDT, or even debit card via all the major self-custodial wallets. However, by using Best Wallet, users can enjoy a seamless experience as the BTC Bull token has native support for both staking and upcoming BTC airdrops.
Currently, BTCBULL stakers can get a bullish 73% APY, earning passive income whilst waiting for the presale to conclude.
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Bitcoin looks set to explode following the US China tariff deal announcement
- US has agreed to slash tariffs to 30% while China cuts US imports to 10%
- Bitcoin has reacted positively to the news and is ranging between $104-105k
- Bitcoin and stocks are up while gold is down, signalling a shift back to risk-on assets
- Analysts and traders believe BTC is in a ‘buy every dip’ phase, no good shorting opportunities
- BTC Bull (BTCBULL) closes in on $6m presale funding with investors keen to stack the meme coin ahead of BTC airdrops at $150k
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