$BTC
Instant price 107,124.9
Bitcoin is breathing now, chained, trembling between a freedom surge up to 120,000... or breaking deep down to 75,000.
Global financial tension is back in the spotlight, amidst concerns of escalation in Taiwan and its impact on supply chains.
The U.S. Senate is discussing a bill that restricts ownership of cryptocurrency above 50,000 dollars without direct approval.
Major institutions have started to dry up their digital wallets amid warnings of cyber breaches backed by international entities.
On the other hand, the International Monetary Fund announced an increase in its Bitcoin holdings by 12%, with talk of renewing the "new safe level" above 100,000.
Technical analysis - reading under God
Recently broken descending channel
The price exited a rising downward channel and is now attempting to position itself above the sloping trend line.
Resistance at 105,700 represents the ceiling of the current phase and breaking it is the beginning of the big journey.