US-China Deal Fires Up Bitcoin! So When Is the New ATH Coming? Analysis Firm Explained!

As Bitcoin (BTC), Ethereum (ETH) and altcoins continue to rise on the back of the US-China trade agreement, investors are wondering whether this euphoria will continue.

At this point, analysis company 10X Research, which draws attention with its successful predictions, said that it expects BTC to continue its rise if the April US CPI data meets expectations.

Speaking to Coindesk, 10x Research founder Markus Thielen said that Bitcoin is likely to rise if the CPI data, which will be released this week and which the FED closely follows when making interest rate decisions, comes as expected.

If inflation comes as expected, the market may view the inflation report as good news. Unless there is negative tariff news, this week‘s inflation data could be a catalyst for Bitcoin’s rise.

So, a continued softening in CPI could increase expectations for a Fed rate cut and provide a bullish catalyst for BTC to reach record highs above $110,000.

Thielen also noted that this could trigger further bullishness for Bitcoin as long as there are no renewed concerns over tariffs.

According to Markus Thielen, the prevailing market expectation is that inflation will remain stable at 2.4% in April.