Bitcoin recovers the USD 105,000: What are the next objectives?

Bitcoin (BTC/USD) remained above the USD 104,000 level on Monday, driven by the growing confidence of investors in the means of relaxation signals of commercial tensions between the US. UU. And China.

The most negotiated cryptocurrency in the world touched an intradiary maximum of USD 105,706 before establishing near USD 104,420.33 at the time of writing this article.

This movement occurs after weeks of lateral operations and indicates a possible change in the feeling of the market.

Fountain: Coinmarketcap

Optimism about the withdrawal of American tariffs to Chinese products has rekindled appetite for risk in world markets.

For Bitcoin, the geopolitical context of relaxation has acted as a key factor behind the recent profits.

BTC jumps to macro optimism

The last increase occurs when the United States has reduced tariffs imposed on China, which generates hope that world commercial flows can improve and recession risks decrease.

This broader economic tail has extended to the cryptocurrency market, pushing Bitcoin above the USD 105,000 psychological barrier during intradic operations.

The movement has been backed by bullish technical indicators. The 50 -day exponential (EMA) mobile average, currently near the USD 103,818, has provided a solid base during the recent consolidation.

Bitcoin’s ability to bounce from this level has reinforced trust between traders.

Market participants are now looking at the next resistance levels in USD 106,750 and USD 107,300.

These price points are aligned with the previous offer areas and could determine if Bitcoin can maintain their ascending trajectory in the short term.

The support is maintained in USD 103,818

The USD 103,818 level has become a key defense line for bullies. It coincides with the 50 -day EMA and has served as a critical floor during the recent period of movement within the range.

If Bitcoin can continue to be maintained above this support, it can provide the basis for a renewed impulse towards higher levels.

However, if the bearish pressure intensifies and the price falls below this threshold, the next support is found in USD 103,080.

A rupture of this level could trigger a broader setback and push Bitcoin back to the lower end of its old negotiation channel.

The Relative Force Index (RSI) is approaching overcompra territory, suggesting that short -term correction is still possible. Traders are observing this closely, particularly when Bitcoin navigates through resistance areas.

Technical signals suggest caution

While recent profits are encouraging for Bitcoin bullies, the indicators suggest that caution is justified.

The divergence of convergence of the mobile average (MACD) has a positive trend, with the MacD line crossing above the signal line and the histogram expanding.

This reinforces the bullish perspectives, but also suggests that a short -term consolidation can occur.

The RSI, which is currently approaching levels above 70, implies that the market may be entering overheated territory.

Historically, these readings have often preceded brief corrections before new bullish attempts.

In case a profits arise, support levels in USD 105,000 and USD 103,818 will be tested once again.

Traders observe the USD 107,000 barrier

With Bitcoin currently around the USD 104,420.33, the impulse is still delicate.

A confirmed break above USD 105,706 could rekindle purchase interest, opening the way to the next objectives in USD 106,750 and the psychologically significant level of USD 107,000.

It is likely that the feeling of the market will remain linked to macroeconomic evolution, in particular to advances in commercial conversations between the United States and China.

Any setback in that front could reverse recent profits, while continuous optimism can boost another rise section.

For now, Bitcoin’s resistance above the USD 104,000 marks a key technical milestone, and all eyes are put in the leading cryptocurrency in the world can make this a sustained rebound.