Stocks, gold, and Bitcoin are collectively reaching record levels we haven't seen in over a decade due to a weak dollar and economic tensions around the world.
Despite geopolitical pressures in the Middle East, the currency remained stable around $104,000, with Japanese support from the progress of trade negotiations between the United States and China and increased institutional activity.
Overview:
Today, Bitcoin seems to be in a consolidation phase at the 105K levels, with a slight decline to 104K or an increase towards 106–107K, depending on developments in global markets.
Long-term holding is still recommended according to 30 indicators from CoinGlass, which do not yet indicate a market peak 🧭
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"Bitcoin today is hovering around $105,745 after dropping to $104,402 during moments of volatility within the day. The price faces resistance in the range of $106,000–$106,300 and strong support at $104,000–$105,000. Recent geopolitical pressures temporarily pushed the currency towards $103,274, but it quickly recovered to $105,061, indicating investor confidence. Technical analysis supports a sideways trading scenario or within a narrow range, with the potential for a bullish wave towards $107,000 if the upper resistance is broken. Conversely, breaking support could push the price back to $103,000. On the investment side, 30 indicators from CoinGlass encourage continuing to hold long-term contracts.
