BTCUSDT held up quite strongly during the tariff war and largely weathered the storm, while the stock market and indices were in free fall. The improvement in the fundamental situation has once again heightened interest in the asset among traders and investors.
Earlier, I pointed out that against the backdrop of falling markets (due to Trump's policies and tariff wars), Bitcoin is holding up fairly well. It cannot be compared to gold, which maintains its status as a safe haven, but overall it has stayed out of the 73K risk zone.
Countries are continuing negotiations in the US, which generally points to an improvement in the trade situation, but all attention remains on relations between China and the US, and a resolution may be close.
Technically, on the daily/weekly timeframe, the price has broken through the trend resistance and the asset has moved from the sell zone to the buy zone, which in general only increases interest in the flagship. Bitcoin is stuck in the 95K-92K range.
A false breakout of resistance provokes a correction, and now we need to monitor the price and see where the correction will stop. This will show us important support that could become the basis for consolidation.
Resistance levels: 95K, 100K, 102.5K
Support levels: 93.5, 92.9, 92, 91K
To break through 95K and continue growing, Bitcoin must form consolidation. There is none at the moment, and a correction and halt may indicate the approximate boundaries of consolidation.
However, the focus is on 95 - 93.5 - 92K. If the price manages to stay within the local boundaries and continues to storm the 95K resistance, we will have a chance for a breakthrough and continued growth to 100K. Otherwise, Bitcoin may form a deeper correction, for example to 91-88K
Trade at your own Risk š
Best Regards, Trade Cryptocurrency
Stay Tuned for Further Updates.
