Bitcoin has increased by nearly 2% in the past 24 hours, reaching a high of $109,405, according to CoinGecko data. This rise comes as the Federal Reserve indicates a shift towards rate cuts, potentially marking a local bottom for the cryptocurrency. Analysts from Dervie and Presto Research highlight that the easing of monetary policy and the end of quantitative tightening could support further gains. However, ongoing U.S.-China trade tensions pose a significant risk to market stability. The upcoming inflation report on Friday is expected to further impact market sentiment.