Bitcoin clawed back losses on Monday, edging above $109,000 after a volatile week marked by political and trade headlines.
The rebound coincided with U.S. President Donald Trump’s disclosure that India may be prepared to slash import tariffs to zero in an effort to reach a trade settlement.
Trump described the current relationship as heavily one-sided, arguing that American firms have long struggled to penetrate India’s market because of steep tariffs. The standoff escalated last month when Washington imposed a 50% levy on Indian goods, citing the country’s reliance on Russian energy and defense purchases. His latest remarks, however, suggest negotiations are now moving toward compromise.
Crypto markets, often sensitive to global trade developments, appeared to take the update as a positive sign. Bitcoin jumped from a low near $107,000 to just shy of $110,000 intraday before stabilizing. Technical watchers highlight that if momentum continues, long-term Fibonacci levels could point toward $135,000 to $150,000, though caution remains.
Fresh institutional demand has also underpinned the price recovery. Japanese firm Metaplanet confirmed the purchase of more than 1,000 BTC worth roughly $112 million, expanding its corporate treasury to 20,000 coins. Such moves reinforce the narrative that large investors are using periods of uncertainty to accumulate.
Even so, not all signals are bullish. Market analysts point out that Bitcoin may have formed a double-top formation, a classic bearish chart pattern that, if validated, could drag prices toward the $99,000 zone. With the Federal Reserve’s next policy meeting approaching and labor market data due, traders warn that volatility is far from over.
In short, Bitcoin’s bounce above $109,000 reflects optimism around both macro and institutional catalysts, but the coming weeks may decide whether that move is the start of a broader rally or simply a temporary reprieve.
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Source: https://coindoo.com/trumps-india-tariff-talks-coincide-with-bitcoin-bounce/