Bitcoin experienced a significant surge in price, coinciding with U.S. President Donald Trump’s announcement that India might reduce import tariffs to zero as part of an effort to resolve trade disputes. Trump argued that American businesses face considerable barriers to entering the Indian market due to high tariffs. This move comes after Washington imposed a 50% levy on Indian goods last month, citing India’s reliance on Russian energy and defense purchases. However, recent remarks suggest negotiations for compromise are underway. The positive news about trade relations appears to be impacting global markets, with Bitcoin’s price soaring from near $107,000 to just shy of $110,000 intraday before stabilizing. Crypto market watchers anticipate that if momentum continues, long-term Fibonacci levels may reach $135,000 to $150,000, though caution is warranted. Institutional investors are also contributing to the price recovery, with Japanese firm Metaplanet purchasing over 1,000 BTC worth about $112 million, further bolstering Bitcoin’s treasury. This trend showcases how large investors capitalize on uncertainties to strategically accumulate assets. However, not all signals are bullish, and market analysts caution that a double-top formation in the chart could trigger a price drop towards the $99,000 zone. The coming weeks will reveal whether this recent rally marks the beginning of broader Bitcoin gains or simply a temporary reprieve from volatile conditions. 2023’s Federal Reserve meeting and labor market data release add to the unpredictability of the crypto market.