🔺We kick off the week with $BTC holding steady above $94,000, although with a slight decrease of 1.2%. The calm in the price is marked by anticipation regarding the new developments in the trade negotiations between the U.S. and China. The closed Asian markets have contributed to lower movement, but be careful, the Chinese yuan and other currencies in the region are showing strength.
Right now, Bitcoin is in a key resistance zone between $93,000 and $95,000. Breaking through this barrier could pave the way towards $100,000 and even new all-time highs, as above that figure the selling pressure seems to decrease. However, if it fails to consolidate above these levels, we could see it pull back to the consolidation zone, which would not be good news for many investors.
It's interesting to see how, despite macroeconomic uncertainty in the U.S., Bitcoin seems to be decoupling from stocks. Bets on Polymarket are not very optimistic about a quick trade agreement, but in the long term, the overall sentiment remains bullish thanks to increasing institutional adoption and the integration of real-world assets (RWA) into the crypto space. Let's stay tuned to see how the situation evolves! 😉💕