BTC/USD ANALYSIS.
The BTC/USD pair remains in the zone of 104000.00, driven by the trade truce between the U.S. and China, which encourages the market although the future direction is still uncertain. Experts warn that greater trade stability could reduce the appeal of cryptocurrencies as a safe haven. Nevertheless, the growth in Bitcoin ETFs (920.9 million USD) and a "fear and greed" index at 70 reflect strong interest. Additionally, the potential recession in the U.S. and the cautious policy of the Federal Reserve weaken the dollar. Technically, BTC remains in an upward channel.
Resistances: 106250.00, 109700.00, 112500.00
Supports: 100000.00, 93750.00, 87500.00
