Since April, the Bitcoin price has beenulting the counters. Already, the course has managed to climb approximately 45 % from the lowest recorded around $ 74,500. In addition, even if the course has still not marked Ath since January, it has just validated its highest closure in weekly. For its part, the Ethereum course is trying to find the $ 3,000, but for the moment, the sellers defend the resistance at $ 2,700. Can the increase in cryptocurrencies continue? Are investors betting on risky assets or are they in protection mode as at the start of the year? We take stock of the situation in the macro point. Let’s go!
Is Bitcoin ready for new historical heights?
We said it in the introduction, the course of Bitcoin is powerful For several weeks. The course of BTC evolves upwards and beyond Mobiles 9 and 18 bruises. The resumption of the area at $ 92,000 caused an increase to the level at $ 104,000. And the course may not stop there:
If the BTC manages to Keep $ 104,000 As a 3 -day unit support, it could explode beyond $ 110,000. In the event of a fall, the course could recover at the level of mobile averages located around $ 98,000. Despite everything, in case of rejection more importantly, the BTC could find the area of Support at $ 92,000. If this scenario is realized, it will take a reaction from buyers so as not to relive a Strong correction under $ 80,000.
The momentum indicator RSI increases and on the other side of the downstream trendline. THE Momentum is therefore bullish.
Risk off: a febrile dollar and the gold that goes to a new ATH
The dollar seems to be on the way to a new lower
DXY (dollar index) is one of the Refuge activebut since the implementation of Trump customs tariffsit is relatively weak. The course has plummeted since the top in January, and it recently recorded its lower level since 2022. A dollar falling is rather positive for bitcoin and cryptos.
After a bounce around Support at 97.5the course was rejected in contact with the Resistance at 101 and between averages Mobiles 9 and 18 horses. In view of the trend displayed by the dollar for several months, the probabilities are oriented towards a new fall and a new lower. As long as the dynamics are thus, the sellers have their hands, and the cryptocurrencies could benefit.
The RSI has been drawing hollows and descendants for several months. These are the sellers who have the advantage of the momentum For now.
New Ath in sight for a gold that still does not weaken
The course of gold has not recorded from Ath Since April 22, but that could change in the days or weeks to come. Indeed, the course retains a upward dynamic In 3 days with hollows and ascending peaks. In addition, buyers have recently shown themselves between Mobiles 9 and 18 bruises and on the Support at $ 3,150 ::
As long as $ 3,150 is kept As a support, the course of gold has the possibility of registering New ATH. To continue on the upward dynamicgold will have to validate a Closing beyond $ 3,500. However, if the course drops under the support, it could return to the Next solid level located at $ 2,950.
In the event of Ath, the RSI could continue to stay under the Dowing trendline in place since 2024. A fall in the RSI Under 47 would generate a divergence (shortness of breath). However, it will take a top sign on the course to think that sellers are ready to regain control. Despite its current strength, theBut loses ground in front of Bitcoin ::
Between December and April, gold has outperformed Bitcoin. However, the recent Explosion on the Bitcoin course did drop the gold/btc pair. The pair is found on an important support around the 0.03and the break in this level could allow the BTC to accelerate against gold and in front of the dollar.
For its part, the RSI indicator has validated a bullish divergence. It therefore shows that the Momentum is solidbut as long as there is no change of structure On the pair, the course could continue to tumble.
American clues are closer to their last heights
Towards an ATH for the S&P 500?
The course of the S&P 500 reacted on the Support at $ 5,000. And following this buying reaction, the course finds a upward dynamic In 3 days:
The course could rely on the averages Mobiles 9 and 18 upwards and on Supports at $ 5,850 and $ 5,650 to exceed the Summit at $ 6,140. The S&P 500 is erasing the fall linked to customs tariffs. On the other hand, if the course drops and loses the Support at $ 5,650he could join the next Support at $ 5,250.
The RSI is found at contact with the downstream trendline. If the trendline is broken, the Momentum would be bullish again.
The Nasdaq returns beyond the level at $ 20,300
At the same time, the Nasdaq managed to bounce back around the Support at $ 16,500 and come back beyond $ 20,300. Now, the course has the possibility of relying on Mobiles 9 and 18 bruises and on $ 20,300 To get a New Historic High High ::
Despite everything, if the course drops Under $ 20,300there is always a risk of reviewing the Nasdaq on the Support at $ 18,300. The RSI is back on the downstream trendline. Rejection is possible here, but if the trendline is crossed, the Momentum would return Bullish.
Key elements to remember
If Bitcoin manages to stay beyond $ 104,000, it could accelerate above $ 110,000. In addition, the dollar is low, and the BTC overperforms gold again. Risky assets such as Bitcoin, S&P 500 and Nasdaq are close to recording new heights. Another good news, Bitcoin could validate a Haussier signal and head for $ 170,000.