The pioneer cryptocurrency Bitcoin recorded a 5.5% surge during Friday’s U.S. market trading. The sudden buying pressure followed easing tariff tension among investors as United States 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?
Bitcoin Price Reclaims Strength as Whale Wallets Absorb 100K BTC
This week, the cryptocurrency market witnessed a notable slowdown in its prevailing selling pressure as Donald Trump eased reciprocal tariffs on several countries. As a result, the Bitcoin price bounced from $74,434 to the current trading price of $83,938, projecting 12.74%.
This recovery gained further momentum as the White House said President Donald Trump is open to negotiating a trade deal with China—hinting at a possible 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.
Also Read: Hong Kong to allow Licensed Crypto Exchanges to provide Custody services