The Bitcoin price is steadily climbing toward $110,000, currently trading near $105,600, fueled by optimism over a breakthrough US–China trade agreement and expectations for a cooling April Consumer Price Index (CPI) report. With stable market volatility and strong ETF inflows supporting the momentum, Bitcoin appears poised to set a new all-time high above $109,350. Over the weekend, U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced the finalization of a US–China trade deal following intense negotiations in Geneva. The formal statement is expected to be released on Monday. This agreement brings an end to the protracted trade war that had sharply increased tariffs and global inflation concerns. By alleviating fears of rising inflation, the trade resolution has restored market confidence and created a more favorable environment for risk assets like Bitcoin. The upcoming April CPI report, scheduled for release on Tuesday, is also expected to contribute to Bitcoin's bullish momentum. Analysts from RBC project a slight year-over-year decrease in headline inflation to 2.3%, down from 2.4% in March, while the core CPI is anticipated to hold steady at 2.8%. If the data confirms easing inflationary pressures, investors may interpret it as further validation for future Federal Reserve rate cuts, offering an additional catalyst for Bitcoin to potentially breach the $110,000 level. Markus Thielen, founder of 10x Research, noted in a commentary to CoinDesk that a positive CPI print could act as a bullish driver, helping Bitcoin price hit new historic highs. Bitcoin’s Institutional Strength and Market Stability Institutional interest continues to play a pivotal role in Bitcoin’s resurgence. BlackRock’s IBIT ETF has reported 20 consecutive days of net inflows, now exceeding $5 billion in assets under management, according to SoSoValue. This persistent inflow of capital has been instrumental in Bitcoin’s strong recovery from April’s lows of $75,000 to its current position above $104,000 within just a few weeks. Supporting the case for a sustained rally, data from HTX Research indicates that implied volatility (IV) in Bitcoin options remains subdued at 50–55%, a stark contrast to the 80%+ volatility peaks seen in previous crypto bubbles. CME Bitcoin futures open interest stands at $14.8 billion, which is still below the 2020 highs, suggesting there is room for growth without overextension. Leverage across the crypto market remains moderate, and ETF demand continues to show consistency, reducing the risk of sudden downturns. Analysts emphasize that as long as bond yields remain below 4.8%, Bitcoin price could consolidate between the $105,000 to $115,000 range, with a breakout above $110,000 increasingly likely if the CPI report aligns with market expectations or if additional bullish catalysts emerge. The broader crypto market is also seeing robust gains, with Ether (ETH), Dogecoin (DOGE), Cardano (ADA), and Solana (SOL) posting double-digit weekly increases. However, the absence of speculative frenzy suggests that the rally is built on strong fundamental support rather than hype, adding further credibility to Bitcoin’s push toward $110,000.