• Features comply with stories of US-China tariff rollback.
• Key assist at $103,818 aligns with the 50-day EMA.
• MACD indicators bullish momentum as consolidation continues.

Bitcoin (BTC/USD) maintained its footing above the $104,000 stage on Monday, buoyed by rising investor confidence amid indicators of easing commerce tensions between the US and China.

The world’s most-traded cryptocurrency touched an intraday excessive of $105,706 earlier than settling close to $104,420.33 on the time of writing.

This transfer follows weeks of sideways buying and selling, and indicators a possible shift in market sentiment.

Supply: CoinMarketCap

Optimism across the rollback of US tariffs on Chinese language items has revived danger urge for food throughout world markets.

For Bitcoin, the easing geopolitical backdrop has acted as a key driver behind current positive factors.

BTC jumps on macro optimism

The most recent surge comes because the US has scaled again tariffs imposed on China, elevating hopes that world commerce flows may enhance and recession dangers could ease.

This broader financial tailwind has prolonged into the crypto market, pushing Bitcoin above the psychological $105,000 barrier throughout intraday buying and selling.

The transfer has been supported by bullish technical indicators. The 50-day Exponential Shifting Common (EMA), presently close to $103,818, has offered a robust base throughout current consolidation.

Bitcoin’s potential to bounce off this stage has strengthened confidence amongst merchants.

Market individuals at the moment are eyeing the subsequent resistance ranges at $106,750 and $107,300.

These price factors align with earlier provide zones and will decide whether or not Bitcoin can maintain its upward trajectory within the close to time period.

Assist holds at $103,818

The $103,818 stage has emerged as a key line of defence for bulls. It coincides with the 50-day EMA and has served as a essential flooring in the course of the current interval of range-bound motion.

If Bitcoin can proceed to carry above this assist, it might present the bottom for a renewed push towards larger ranges.

Nevertheless, if downward stress intensifies and the price falls beneath this threshold, the subsequent assist lies at $103,080.

A breach of this stage may set off a broader pullback and push Bitcoin again into the decrease finish of its former buying and selling channel.

The Relative Power Index (RSI) is approaching overbought territory, which suggests {that a} near-term correction continues to be doable. Merchants are watching this intently, significantly as Bitcoin navigates resistance zones.

Technical indicators recommend warning

Whereas current positive factors are encouraging for Bitcoin bulls, indicators recommend that warning is warranted.

The Shifting Common Convergence Divergence (MACD) is trending optimistic, with the MACD line crossing above the sign line and the histogram increasing.

This reinforces the bullish outlook, but in addition means that some short-term consolidation could comply with.

The RSI, presently nearing ranges above 70, implies that the market could also be getting into overheated territory.

Traditionally, such readings have typically preceded transient corrections earlier than contemporary upside makes an attempt.

Ought to profit-taking emerge, assist ranges at $105,000 and $103,818 shall be examined as soon as once more.

Merchants eye $107,000 barrier

With Bitcoin presently hovering round $104,420.33, momentum stays delicate.

A confirmed breakout above $105,706 may reignite shopping for curiosity, opening the trail to the subsequent targets at $106,750 and the psychologically important $107,000 stage.

Market sentiment will possible stay tied to macroeconomic developments, significantly progress on US-China commerce discussions.

Any setbacks on that entrance may reverse the current positive factors, whereas continued optimism could gasoline one other leg larger.

For now, Bitcoin’s resilience above $104,000 marks a key technical milestone, and all eyes are on whether or not the world’s main cryptocurrency can convert this right into a sustained rally.