Bitcoin is attempting to recover after sweeping key lows, but growing geopolitical tensions and a stronger U.S. dollar continue to keep pressure on risk assets.
📊 Key Factors Driving The Market:
• Oil prices are surging amid Middle East tensions
• DXY has pushed back above 100
• Treasury yields remain elevated
• BTC is fighting to hold recent gains
🎯 Key Levels To Watch:
• Support: $60,000–$61,000
• Resistance: $64,000+
• Major Bullish Trigger: Sustained strength above recent highs
Despite macro headwinds, Bitcoin managed to close above the 200-week SMA, a level many analysts view as a long-term bullish signal.
⚠️ The big question now: Is this the start of a recovery rally... or just a temporary bounce before another test of $60K?
📊 Key Factors Driving The Market:
• Oil prices are surging amid Middle East tensions
• DXY has pushed back above 100
• Treasury yields remain elevated
• BTC is fighting to hold recent gains
🎯 Key Levels To Watch:
• Support: $60,000–$61,000
• Resistance: $64,000+
• Major Bullish Trigger: Sustained strength above recent highs
Despite macro headwinds, Bitcoin managed to close above the 200-week SMA, a level many analysts view as a long-term bullish signal.
⚠️ The big question now: Is this the start of a recovery rally... or just a temporary bounce before another test of $60K?
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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.
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.