Bitcoin is hovering near $106,000, with bullish MACD signals, reduced US-China trade tensions, and anticipated inflation data driving potential upward momentum. Traders highlight a rare crossover on the weekly MACD indicator as a signal of major price surges, reminiscent of the October 2024 breakout. Despite hitting a high of $105,706 on Bitstamp, BTC faces resistance around $106,000, and analysts are watching for bullish divergence to confirm this rally. Key catalysts include the upcoming CPI and PPI data. Meanwhile, a recent tariff reduction between the U.S. and China is boosting risk assets. The market awaits further insights into inflation trends. Despite the surge in Bitcoin’s price, crypto sentiment remains cautiously bullish, with the Crypto Fear & Greed Index hovering at 70 (Greed), indicating a more measured approach to price growth. A significant portion of Bitcoin supply is currently in profit, raising concerns about potential selling pressure. Experts warn that a high concentration of long-term holders may trigger sell-offs while new entrants amplify rallies, creating a volatile market.