Bitcoin (BTC)
Holds a company more than $ 105,000 after recovering a strong slowdown triggered by the climbing of tensions in the Middle East. The main cryptocurrency fell below $ 104,000 after Iran’s strike against Iran, but quickly resumed the lost ground, now negotiating $ 105,590, up 0.15% in the last 24 hours.
Bitcoin’s rapid rebound suggests an underlying force, with a visible high volume purchase during the drop. Analysts highlight the range from $ 104,000 to $ 105,000 as a major support zone, because prices are continuing to grow upwards. The feeling remains cautious – reflected in a decline in the confidence of traders – but structurally, the Bitcoin trend remains intact.
Beyond short-term volatility, Bitcoin continues to grasp the imagination of a young generation of investors. In a recent episode of the Podcast Unchained, Jeff Park, chief of alpha strategies at Bitwise Asset Management, described how Bitcoin’s attraction is increasingly transcends traditional financial objectives.
According to Park, many young people no longer aspire to have suburban houses or to continue the closing of the white fence. Instead, they focus on becoming “Wholecusiners” – those who have at least a complete bitcoin – like a new form of prestige and long -term security. For some, the objective extends even beyond personal wealth to secure a financial heritage through generations, reflecting the popular meme of “withdraw your line”.
Park has added that the world and apolitical nature of Bitcoin is at the heart of this change. It offers a shared values system, allowing people around the world to “undress” the systems they no longer trust. This feeling fuels a cultural pivot: Bitcoin is no longer just a hedge or a speculative asset, but for many, it has become a social signal of financial independence and oneself.
As the BTC holds above $ 105,000 and the macro catalysts are looming, the contrast between short-term fear and long-term conviction has rarely been clearer.
Strengths of technical analysis
- BTC was negotiated between $ 104,480.15 and $ 105,696.12, closing nearly $ 105,590, up 0.15%, according to the CoindSk Research technical analysis model.
- Support was reinforced in the $ 104,400 zone at $ 104,500, with high volume accumulation during the GMT window of 16: 00 to 20: 00.
- A bullish overthrow followed at 9:00 p.m., the driving of BTC greater than $ 105,000 over a solid volume rupture took place at 02:01, with a price from $ 105,486 to $ 105,550 on a high activity.
- Consolidation greater than $ 105,470 suggests further increase in $ 106,000, pending the demand sustained.
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