Bitcoin appears to be moving in tandem with US tech stocks, posting falls and recoveries along a similar timeline.
The 92K level has now been tested on six separate occasions since price first exceeded $100,000, suggesting a potential base. Some market participants believe that further clarity on political factors—including Trump-related issues, tariffs, and a potential trade war—may be needed before this base can push toward 100K.
Following a substantial drop, the RSI points to possible near-term upside momentum. However, resistance at $97,500 to $98,000 may remain a key barrier.
The 92K level has now been tested on six separate occasions since price first exceeded $100,000, suggesting a potential base. Some market participants believe that further clarity on political factors—including Trump-related issues, tariffs, and a potential trade war—may be needed before this base can push toward 100K.
Following a substantial drop, the RSI points to possible near-term upside momentum. However, resistance at $97,500 to $98,000 may remain a key barrier.
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blackbull.com/en/economic-calendar/?utm_source=tradingview
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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.