Bitcoin's price climbs above $109,000 as President Trump extends EU tariff deadline to July 9, with analysts forecasting potential continuation of eight-week bullish streak.
Bitcoin reached $110,100 following President Trump's decision to delay EU tariffs until July 9, marking a 3.2% increase. The cryptocurrency is poised for its eighth consecutive positive weekly close, a rare occurrence that historically precedes 6-12 months of positive price action. Market analysts suggest potential targets of $125,000-$130,000 if Bitcoin maintains momentum above key support levels.