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Bitcoin and the entire cryptocurrency market experienced the Russian mountains of volatility yesterday, immersing themselves on the fears of an American commercial war before organizing a rapid recovery. The price dropped by more than 9% in a few hours, touching a minimum of $ 91,530, only to recover by more than 12% following relations that President Trump is negotiating with Mexico and Canada to raise rates. This movement of feeling quickly fueled the renewed optimism throughout the market.
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The Daan high -level analyst shared a technical analysis on X, highlighting Bitcoin’s resilience between uncertainty. He observed that BTC seems even stronger than anything else on the market, maintaining a solid trend if seen from a wider perspective. Despite the aggressive sell-off, Bitcoin remains structurally solid, with strong demand levels that prevent deeper corrections.
With BTC that commercially commercially commercially commercially commented on, investors are looking closely to see if the cryptocurrency can support this momentum and push towards the maximums of all time. The next few days will be crucial in determining whether Bitcoin can consolidate its position as a dominant activity on the market or if a further volatility will tester its strength again. For now, Bitcoin seems to guide the recovery of the market, demonstrating once again its resilience.
Bitcoin that holds up the upward price action
Despite recent volatility and aggressive sales pressure, Bitcoin continues to show strength compared to Altcoin, demonstrating its domain on the market. While many Altcoin struggles to recover, BTC has quickly bounced from its minimums, strengthening its leading position. Yesterday’s price action also confirmed that Bitcoin still has long -lasting control and Altseason could be delayed until Altcoin manages to reach BTC’s momentum.
The Daan high -level analyst shared a technical analysis on X, highlighting Bitcoin’s resilience. He noticed that the BTC is much stronger than anything else on the market and still seems perfectly well when it enlarges. According to Daan, Bitcoin’s demand remains significantly higher than other activities, especially during periods of uncertainty. This is evident in the recent movement of the market, in which BTC has recovered quickly while most Altcoin remained stagnant or continued to fall.
DAAN’s analysis reveals that Bitcoin is currently exchanged in a defined interval, with a maximum of all time (ATH) of $ 109k on the upper border and strong support at $ 90k level. As long as BTC is held within this interval, the potential for another breakout remains high. If the bulls manage to push BTC over the ATH, a new bullish phase will begin, potentially leaving Altcoin further back.
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Another key factor that guides Bitcoin’s domain is institutional interest. The recent data of the main chain analysis platforms reveal that the accumulation of Bitcoin remains strong among the whales, with the great owners who continue to add BTC despite the uncertainty of the market. Unlike previous market cycles, in which retail investors have guided prices, this rally seems to be fed by long -term institutions and owners, making it more sustainable.
Test key demand levels
Bitcoin is testing a crucial liquidity below the $ 100k sign, currently exchanging $ 99,400 and trying to find a strong base before his next move. The action of prices remains highly unpredictable and volatile, with investors looking closely at the key levels for the signs of a potential breakout or a further disadvantage.
In order for BTC to confirm short -term resistance, it must recover the sign of $ 100k and keep it as a support. This level is a psychological and technical barrier that, once fixed, could trigger a renewed bullish moment. If Bitcoin struggles to maintain this level, it could follow an additional consolidation of less than $ 100k, delaying any breakout attempts.
The $ 98k level is another crucial support area. Until BTC remains above this sign, a push back above $ 100k remains highly likely. Losing this level could lead to a deeper retracement, testing lower demand areas before another attempt to recover higher levels.
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To completely regain the upward momentum, Bitcoin must recover the sign of $ 103,600, a key resistance level that has moved up to limited rise in the last few days. A successful breakout above this level would prepare the foundations for a huge gathering towards the maximums of all time, opening the door to BTC to enter again at a price.
First floor image from Dall-E, TradingView chart