Bitcoin’s price is influenced by macroeconomic factors, including U.S. inflation trends and institutional adoption (e.g., Bitcoin ETFs with $138B in assets). Its volatility remains high, with 10% daily moves possible, driven by 24/7 trading and sentiment shifts. Recent recovery from a dip below $102,000 was tied to geopolitical tensions, but macro signals suggest a risk-on environment supporting further gains.
Outlook: Bitcoin is at a critical juncture, with technical indicators leaning bullish but resistance at $108,000 posing a challenge. A decisive breakout above $108,950 could signal a move toward $111,000-$115,000, failure to hold this level will retest 100k$ level or below.and below 100k could turn bearish .
Outlook: Bitcoin is at a critical juncture, with technical indicators leaning bullish but resistance at $108,000 posing a challenge. A decisive breakout above $108,950 could signal a move toward $111,000-$115,000, failure to hold this level will retest 100k$ level or below.and below 100k could turn bearish .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.