After it dropped to 74 thousand at the beginning of the month due to some confusion in the U.S. economic decisions, it has stabilized again and now reached about 85 thousand dollars, representing an increase of about 1% during the day.
There is optimism in the market after the U.S. eased some of the tariffs, and the pressures on crypto companies have also started to lessen, which has led people to start interacting and injecting money again.
Additionally, a large financial company in Brazil announced that it intends to increase its Bitcoin reserves… and this boosts confidence in the market even more.
If you follow technical analysis, you will find that indicators like MACD and RSI are giving bullish signals, so we might see resistance at 87 thousand, but as long as the price is above 83 thousand, the situation is reassuring.
If you are trading, keep an eye on the market… the movement has started to heat up!