#MarketRebound Bitcoin (BTC) surged to $93,123 today before settling back to $92,796, still recording a solid gain of +6.56% in the last 24 hours. This movement reflects a broader rebound in the crypto market, possibly triggered by political tensions between Trump and Powell that shook interest rate expectations and risk sentiment.
Despite the spike, the RSI stands at 57.66, indicating there is still room before reaching overbought territory. Meanwhile, the MA(7) is testing the MA(25) from below, signaling a potential short-term trend reversal if momentum holds.
Volume remains stable, and traders are keeping an eye on $92,229 (MA99) as the next key level. The macro backdrop adds pressure: Trump's push on Powell for looser monetary policy is encouraging traders to bet on crypto as a hedge.
Is BTC building strength for a breakout—or is this just a recovery rally before the next pullback? The market is watching closely.