Bitcoin set for $150K BTC price rally as US, China agree to slash tariffs

Key takeaways:Bitcoin broke above $105,700 after the US and China agreed to slash tariffs. A confirmed bull flag breakout on the weekly chart projects a $150,000. Bitwise's sentiment index warns of potential short-term overheating. Bitcoin (BTC) bulls cheered a major development in the ongoing US-China tariff talks, with the cryptocurrency climbing over the $105,700 mark on May 12 for the first time in four months, further confirming a bullish continuation setup with a $150,000 price target source: https://cointelegraph.com/news/bitcoin-set-150k-btc-price-rally-us-china-slash-tariffs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound