- The US and China have reportedly agreed on international trade arrangements.
- Treasury Secretary Scott Bessent will provide details of the agreement.
- An alignment of crucial indicators boosts Bitcoin’s bullish sentiment.
The United States (US) and China have reportedly reached decisions on international trade that could end the long-standing tariff-induced trade war between the two economic giants.
Following the development, analysts believe the returning bullish sentiment across the crypto and stock markets could surge, especially with technical indicators supporting a bullish trend to lead a crypto market bull run 2025.
Treasury Secretary Scott Bessent Confirms “Significant” US-China Trade Deal Progress
Over the last weekend, US Treasury Secretary Scott Bessent informed the public that the US and China reached a “significant deal,” details of which he would provide later.
During a recent podcast, a renowned cryptocurrency analyst noted that Bessent’s statement on the US China trade deal came at a crucial moment when other indicators aligned to reflect a bullish season for the crypto market.
VP J.D. Vance Bitcoin Conference Visit, BTC Technicals Signal Bullish Crypto Phase
According to the analyst, United States Vice President J.D. Vance will attend the Bitcoin conference later this month, and he considers the move bullish for the optics. Meanwhile, Bitcoin’s technical indicators reflect significant bullish sentiments, with the weekly chart showing critical buy signals.
As per the ongoing US-China trade talks, a US official touted a deal to reduce the US trade deficit. Meanwhile, Chinese officials aligned with Bessent’s sentiments confirming that the sides have reached a crucial consensus and agreed to launch another economic dialogue forum.
The analyst believes this unfolding US China trade agreement could diffuse the negative impact of the macroeconomic uncertainty that US President Donald Trump’s tariff proposals previously caused to global markets.
Analyst Sees “Perfect Storm” for Bitcoin Bull Run from US-China Deal
An agreement between the US and China, two global superpowers, would remove uncertainty among investors, expel fear, and encourage retailers to return to the markets. Besides this US China trade news, the analyst spotted bullish technical indicators on the Bitcoin chart. He thinks these align perfectly with the developing events to form the “perfect storm” for the next phase of the crypto market bull run.
Related: Bitcoin Holds Above $103K, But Altcoins Start Fighting Back
In the meantime, global liquidity is rising, with risk assets like cryptocurrency following the same trend. All these indicators are lining up, boosting investors’ confidence and suggesting a continuation of the run that saw Bitcoin climb above $100,000 for the first time in about three months. Many now watch to see, will new US China trade agreement spark crypto rally.
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