Bitcoin enters high school, which is lower than the highest level in mid -2012, and explores intense harms represented by deep -sea macro and designated volatility. This year began with US President Donald Trump’s new tariff policy, which interfered with global trade and pressure on risky assets. As inflation pressure collided with liquidity, the US Treasury yield soon increased, raising concerns about systematic vulnerability. Most recently, if a direct conflict between Israel and Iran has occurred, fear has been expanded in the financial market and urged to shift to a safe shelter, such as gold.
In this background, Bitcoin maintained its elasticity and has now integrated more than $ 100,000 after reaching the peak at $ 112,000 at the beginning of the year. Some investors are afraid of increasing sales pressure due to global instability, but other investors believe that the current rescue is rather than weakness. According to the top analyst TED Pillows, there is no fundamentally changed BTC. His technical perspective claims that Bitcoin still reflects GOLD’s long -term trajectory and remains in another process for another failure in the next few weeks.
As the risk of inflation still exists, the Fiat problem is growing, and the capital is insufficient, many people see Bitcoin as a macro hedge, not a speculative play. Brake out with more than $ 112K can cause an explosive movement.
Bitcoin volatile spike with macro pressure accumulates
Bitcoin has more than $ 103,000 even though it did not destroy the best of $ 112,000 last week. Rejection continued 6%modification as bears attempted to force the price below the main demand area. But despite intense macroscopic pressure and extended designated risks, bitcoin is not structurally damaged. The conflict between Israel and Iran sent shock waves through the world market, raising safe assets such as oil and gold, and shaking stocks. Bitcoin, which is often considered digital gold, has been surprisingly powerful in confusion.
The coming week can be pivotal to the BTC. When tension deteriorates and the traditional market slides, Bitcoin’s actions will test the evolution of macro hedges. Investors are closely watching whether capital continues to rotate to BTC under dangerous off conditions.
Ted pillow is optimistic. According to his technical analysis, there is no structural change in Bitcoin. According to his view, BTC is closely tracked with GOLD’s historical brake out patterns, suggesting that digital assets are simply integrated in front of other legs. Pillow’s long -term outlook is that Bitcoin aims for $ 160,000 – $ 180,000 in cycle top.
BTC is integrated under the resistance
BITCOIN is currently trading at $ 105,527 at the beginning of this month due to an attempt that has not penetrated $ 112,000. The chart shows clear rejection in the highest area and returns the price to $ 103,600- $ 109,300. This area remains the main battlefield between the bull and the bear.
The 50 -day moving average of about $ 103,426 is dynamic support, while the 200 -day MA, which is nearly $ 95,650, remains a wider trend for long -term holders. The volume has been slightly reduced during the recent decline, indicating that there is a lack of strong conviction of market participants in the sale.
If the BTC has a $ 103,600 level (previous resistance), you can now set another push for $ 109,300 for support. The brake out above that level will open a door to more than $ 112,000. However, if Bitcoin does not have $ 103,600, there is a risk of returning to $ 97,000-$ 100,000 in May.
DALL-E’s main image, TradingView chart
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