$BTC Despite the good moment, some analysts warn that this recovery could have a nearby ceiling. "The strengthening of the dollar, driven by recent news about tariffs, has acted as a natural brake on digital assets," explained Alex Kuptsikevich, chief market analyst at FxPro. According to the specialist, this is exacerbated by Bitcoin's proximity to its all-time highs, which fuels profit-taking after a rally of more than a month.

However, risk appetite seems to be reactivating. The markets celebrated a series of positive events: the trade agreement between the United States and China, a U.S. inflation figure below expectations, and new investment commitments from Saudi Arabia in the U.S., all factors that have favored a more optimistic environment.

In addition, the recent inclusion of Coinbase in the S&P 500 index acted as an additional catalyst for the crypto ecosystem. It is the first company in the sector to enter the prestigious stock index, reinforcing the institutional legitimacy of the industry.

Looking at capital flow, data from CoinShares reveals revenues of $882 million in institutional funds during the past week, marking the third consecutive week of strong inflows. Bitcoin accounted for $867 million, while Ethereum, despite its good recent performance, attracted only $1.8 million.

From a technical analysis perspective, César Nuez from Bolsamanía highlighted the strength of the current Bitcoin movement. "The cryptocurrency has accumulated a revaluation of more than 40% since the lows of April and has confirmed a trend change by surpassing the 200-session moving average," he explained. For Nuez, a new test of the all-time highs at $110,150 seems imminent. "If that ceiling is broken, an extension of the rally up to $130,000 is not ruled out," he concluded.