Now, it seems that Bitcoin (trading above $107,600) continues its upward trend today, driven by several positive factors:
1. De-escalation of geopolitical tensions in the Middle East (a ceasefire agreement between Iran and Israel), which supported investors' risk appetite and increased demand for high-risk assets like cryptocurrencies.
2. The US dollar index has fallen to its lowest annual levels, making Bitcoin attractive as a hedge against currency weakness.
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📈 Technical Analysis – Important levels today:
• Support levels range around $105,000–104,500, and this level is considered a crucial line to halt declines.
• The resistance rises towards the $107,000–108,000 range, and breaking it could open the doors to higher levels like $111,000.
• Some analysts monitor indicators like the 'Golden Cross', which is the formation of a crossover between short-term and long-term moving averages, showing bullish technical signals – and could lead the movement towards $152K or between $152K–$229K in the medium term according to the best scenario.
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🔍 Will Bitcoin rise or fall today?
• The general trend of news is positive: De-escalation of geopolitical tensions and a declining dollar adds upward pressure.
• Technical analysis is trending bullish as long as the price remains above the support level (105–105.5K) and successfully breaks the resistance at 107–108K.
• There are areas for a quick correction or 'liquidity pullback' towards 104–105K before heading towards higher levels, which is typical behavior within market movements.
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✅ Summary
• Bitcoin is likely to experience a slight pullback during the day towards 105K–104K before resuming its rise if it maintains support and successfully breaks resistance.
• A clear break above 108K could ignite a strong upward wave towards 111K and possibly more.
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Quick Tip
• If you are a short-term trader, look for support signals at 105–105.5K to gain a buying position, and keep a close stop loss.
• If you are investing in the medium term, breaking above 108K could be an important point to bolster bullish trades.
⚠️ Reminder: This information is for analytical purposes only and should not be considered investment advice. The market is highly volatile, and it is always advisable to manage risks.
#MarketRebound #BTCbelow100k #BTC走势分析 $BTC
