Bitcoin is poised for a potential surge above $109,000 due to improving market sentiment amid a landmark trade deal reached between the U.S. and China. This agreement has lifted investor confidence, contributing to favorable conditions for cryptocurrencies. Furthermore, upcoming inflation data is anticipated to play a crucial role in shaping market dynamics. Analysts suggest that if inflation rates show a decline, it could bolster Bitcoin's performance and reinforce its status as a hedge against inflation. The intertwining of global economic factors and cryptocurrency market behavior is leading to heightened volatility and significant price movements. Investors are advised to stay vigilant as developments unfold, particularly with attention to Bitcoin's technical indicators and trading volumes, which seem to signal bullish momentum.

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