The Recovery of BTC Gains Strength Amid Global Optimism
Bitcoin (BTC) has experienced a remarkable resurgence, chaining its fourth consecutive session upward. This advance has captured the attention of investors, following last week's double rejection that kept the price above the psychological level of 100,000 USD, consolidating a more optimistic outlook in the short term.
🌍 The Engine of the Rebound: Global Trade Optimism
The renewed global risk appetite has been the catalyst for this rally. The resumption of trade negotiations between the United States and China has restored confidence in the markets, creating an environment of optimism that favors higher-risk assets like Bitcoin. This context has allowed BTC to recover strongly from the corrective low of 100,378 USD, bouncing back to almost touch the 61.8% Fibonacci retracement level (calculated from the new all-time high of 112,017 USD). This technical level represents a key milestone for market sentiment.
📊 Technical Reading: Fertile Ground for Bulls?
From a technical standpoint, the daily moving average (MA) has realigned with a completely bullish structure, reinforced by a thicker and higher Ichimoku cloud. This setup suggests that momentum could continue as long as buyers maintain control. However, certain caution signals persist: the stochastic is at overbought levels, and the 14-day momentum is still floating just below the midpoint line, indicating that the market may be close to a consolidation phase or a slight technical correction.
To sustain the upward trend and allow the bulls to target the next objectives — the level of 109,270 USD (Fibonacci 76.4%) and the key psychological level of 110,000 USD — it will be essential for the daily close to remain above the 50% Fibonacci retracement level (around 106,198 USD) and the daily Kijun-sen.
🔍 Key Support and Resistance Levels
Resistances: 108,966; 109,297; 110,000; 110,802
Supports: 106,572; 106,198; 104,854; 103,162
📈 What's Next for BTC?
The solid recovery of Bitcoin has reinforced the short-term bullish perspective, although overbought signals could slow the pace of increases as the market assesses the balance between momentum and caution. Support from the moving average and the technical structure suggest that the bulls maintain the advantage, but the market may need to consolidate gains before a new attempt to surpass the highs.
Can Bitcoin maintain this upward streak and break the psychological level of 110,000 USD, or will we see a pullback that tests the resilience of investors?
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