Bitcoin is approaching important support levels in the face of growing market uncertainty

The price of Bitcoin recently fell to $ 100,000, but quickly recovered and rose to over $ 110,000 after the resolutions between the USA and China had contributed to relaxation of the global market situation.

Bitcoin is approaching important support levels in the face of growing market uncertainty

Despite this impressive relaxation, the analysts from Bitfinex remain careful and assume that Bitcoin could lose momentum before reaching a new all -time high.

While the leading cryptocurrency is approaching its previous high of $ 111,900, Bitfinex researchers believe that another rally is not guaranteed. In a current market update, they emphasized that the current price movement does not have the strong fundamental data that would be necessary to drive BTC beyond its previous record value.

In their report, they emphasize that Bitcoin is exposed to increasing pressure for a short -term decline without a new impulse – be it geopolitical, structural or macroeconomic nature. The increasing price could cause long -term investors to take profits with them, which would increase sales pressure and limit the upward dynamics.

The analysts identified several important zones in which Bitcoin could potentially support support in the event of correction. This includes:

$ 103,700, a level associated with historical shifts of the offer
$ 97.100, which corresponds to the average costs for short -term dealers
$ 95,600, another zone connected to previous transaction data

According to Bitfinex, Bitcoin is currently at a delicate turning point between a weaker optimistic atmosphere and critical technical levels. Until a clear external driver occurs, the further path should remain uncertain.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.