Bitcoin Price Forecast: BTC rebounds to $109,000 as US-EU tariff delay helps sentiment recover :

Bitcoin trades above $109,000 on Monday, recovering from Friday’s correction.
Market sentiment improves as Trump’s EU tariff delay offers temporary relief, supporting risky assets.
US spot Bitcoin ETFs saw $2.75 billion in weekly inflows, the highest since late April, boosting investor confidence.
Bitcoin (BTC) trades above $109,000 at the time of writing on Monday, recovering from Friday’s correction. The price recovery was fueled by US President Donald Trump’s announcement of a delay in the planned 50% tariff on European Union goods. Institutional demand continues to strengthen as it recorded the highest weekly inflows since late April, boosting investor confidence.
Trump tariff delay supports Bitcoin recovery
Donald Trump announced on Monday on his Truth social account that he has agreed to extend the implementation date for the 50% tariff on EU goods from June 1 to July 9. This news followed Friday’s announcement to impose 50% tariffs on imports from the European Union, as Trump said that negotiations in Brussels were going nowhere. Friday’s announcement triggered a risk-off sentiment in the market as Bitcoin fell 3.9% that day.
This delay in the EU tariff slightly boosted investor sentiment and triggered a mild rise in risk-on sentiment. During the Asian and European trading sessions, the equity and crypto markets reacted positively, with Bitcoin recovering slightly on Monday.

Bitcoin’s institutional demand remains strong
SoSoValue data shows that US spot Bitcoin Exchange Traded Funds (ETFs) recorded a total inflow of $2.75 billion last week, the highest since late April. The six-week winning streak of inflows that began in mid-April boosted investor confidence. If the level of inflow intensifies, Bitcoin’s price rally could continue.
Bitcoin Price Forecast: BTC recovers as it finds support around its key level
Bitcoin price reached a new all-time high (ATH) of $111,900 on Thursday and declined 3.92% on Friday. However, it found support around the $106,406 daily level on Saturday and recovered slightly on Sunday. At the time of writing on Monday, it continues to recover, trading at around $109,760.

If BTC continues to recover and closes above its ATH, it could extend the rally toward a key psychological level of $120,000.

The Relative Strength Index (RSI) on the daily chart reads 67, pointing upward toward its overbought level of 70, indicating bulls are still in control of the momentum. However, the Moving Average Convergence Divergence (MACD) indicator on the daily chart converges, indicating indecisiveness among the traders.
If BTC faces a pullback and closes below $106,406 daily support, it could extend the correction to retest its next key support at $100,000.
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