A recent 90-day tariff suspension between the United States and China has led to a surge in Bitcoin and altcoin prices, with analysts predicting further gains. Aurelie Barthere, Principal Research Analyst at Nansen, notes that the easing of trade tensions has removed a significant macroeconomic risk, potentially paving the way for a broader market rally.
Bitcoin has already reached near its all-time high, and Barthere suggests that altcoins, U.S. equities, and the U.S. Dollar Index (DXY) are now well-positioned for a catch-up rally. She also highlights that a potential tax relief package expected by mid-July could act as a significant catalyst for the markets.
The constructive tone of the trade negotiations, along with the tariff reductions, has sparked a global risk-on sentiment, benefiting various asset classes. Analysts are closely monitoring the situation, with some projecting a Bitcoin rally toward $150,000 if the positive trends continue.
