The Spanish cafes chain Vanadi says it wants to invest $ 1 billion in Bitcoin, but its precarious financial situation leaves serious doubts about the real feasibility of the project. Whatever happens, it shows that companies continue to take an interest in the king of cryptocurrencies. The BTC starts the week around $ 105,000. Will he be able to bounce back towards a new ATH, or have the sellers regained hands on the course? We make the technical point on the BTC in the bulletin of the day!
Bitcoin’s course stabilizes around $ 105,000
The BTC is Stabilizes over the last seven days around $ 105,000. Despite this hesitation, the price of Bitcoin remains up 2 % in a monthof 32 % in three months and more than 8 % in six months ::
| Pair | 1h | 24h | 7d | 1m | 3m | 6m |
|---|---|---|---|---|---|---|
 BTC/ETH |
0.10% | 1.07% | 1.09% | -4.06% | -0.78% | 59.92% |
 BTC/USDT |
-0.09% | -0.09% | 0.46% | 2.12% | 32.06% | 8.25% |
Bitcoin performance in the face of different pairs. Source : Coincheckup
The BTC/ETH pair is green on the week that has just passed (+1 %)but she Fall of 4 % in a month and near1 % in three months. For its part, for the moment, the course of Ethereum (ETH) remains Stuck around $ 2,500.
The Bitcoin course could bounce back on weekly support at $ 104,000
Despite the Bears’ attempts to bring back the price of Bitcoin under the Psychological round figure of $ 100,000the king of cryptos is holding up. Indeed, the course is maintained beyond the Weekly support at $ 104,000and above the averages Mobiles 9 and 18 upwards ::
After Seven weeks of rose in a rowBitcoin’s course a break. But a new wave of increase is possible as long as the Support at $ 104,000 and Hight mobile medium are preserved. Otherwise, the course could go to the next Support located around $ 92,000.
In parallel, the RSI increases For several weeks. Therefore, these are the Buyers who have hands on the momentum.
The BTC course continues to block around $ 106,000 in 4 hours
Since the Top around $ 112,000the sellers have their hands, because the BTC draws lowering structures in 4 hours. Recently, the course resumed at the level of Support at $ 102,000and he is back on the Resistance at $ 106,000. For the moment, the course blocks at this level:
A crossing of the Resistance at $ 106,000 would allow to have an acceleration towards $ 112,000. On the other hand, a rejection could give rise to a return to the Support at $ 102,000. THE RSI reboundsbut he keeps a fragile dynamic For several weeks. THE Momentum is therefore to the advantage of the Bears in the short term.
Bitcoin’s course has the possibility of continuing its ascent, because it still evolves beyond the support at $ 104,000. To be able to accelerate, the BTC will have to separate from the sellers present around $ 106,000. But could war between Trump and Musk be fatal for bitcoin and cryptocurrencies?