Bitcoin (BTC) Price Surges 5.5% as Donald Trump Shows Willingness to Reengage With China

The pioneer cryptocurrency Bitcoin recorded a 5.5% surge during Friday's U.S. market trading. The sudden buying pressure followed easing tariff tension

The pioneer cryptocurrency Bitcoin has recorded a 5.5% surge during Friday’s U.S. market trading as new on-chain data shows that large investors, known as whales, are showing interest in the coin once again. The sudden buying pressure follows easing tariff tension among investors as President Donald Trump showed willingness to reengage with China for a trade agreement.

With renewed recovery, the coin price is just an inch away from a bullish breakout of a multi-month continuation pattern. Will BTC break the $100k barrier?

This week, the cryptocurrency market witnessed a slowdown in its prevailing selling pressure as Donald Trump eased reciprocal tariffs on several countries. The move comes after a report by the U.S. administration on Thursday stated that China had agreed to buy a "substantial" amount of U.S. products.

As a result, the Bitcoin price bounced from $74,434 to the current trading price of $83,938, projecting 12.74%.

The recovery in the BTC price follows a statement by the White House that President Donald Trump is open to negotiating a trade deal with China—suggesting a potential thaw in the prolonged tariff war.

Adding the bullish note, the latest on-chain data shows whales are ramping up their accumulation once again. According to the CryptoQuant analysis, the wallets holding between 1,000 and 10,000 BTC have collectively absorbed more than 100,000 BTC since early March, signaling strategic confidence among key market players.

The trend aligns with the historical accumulation patterns preceding major price surges.

BTC Eyes Breakout From Multi-Month Flag Pattern

By the press time, the Bitcoin price trades at $83,929 and holds a market cap of $1.66 trillion. An analysis of the daily chart shows the coin price is less than 1% away from challenging the resistance trendline of a bull-flag pattern.

Since late January 2025, the pattern’s two convergence trendlines have maintained a steady correction in BTC, evidenced by the formation of lower-high and lower-low formations.

If the trade tension among major nations eases, the BTC price is likely to flip this overhead resistance into potential support to regain bullish momentum. Thus, the post-breakout could drive the asset 18% up to challenge the $100K barrier, followed by a hit to the $109,525 all-time high.