.jpg)
Bitcoin (BTC) has shown signs of recovery after briefly dropping below US$104,000. In recent hours, BTC managed to stay above the key support area of US$103,500 and is now testing resistance around US$106,500.
If it can break through this level, analysts expect further upside potential toward the US$108,000–US$110,500 range. However, if selling pressure increases, Bitcoin’s price could once again correct toward US$104,200 or even US$102,500.
This movement marks an important phase for the crypto market, especially after weeks of heightened volatility. Investors are now watching closely to see whether BTC can truly shift its short-term trend into positive territory.
Impact of U.S. Macro News on Market Sentiment
One of the main drivers of Bitcoin’s rebound this time is positive news from the United States. The government shutdown, which has lasted more than 40 days, is reportedly nearing an end. The easing of fiscal uncertainty has had a domino effect on risk assets, including cryptocurrencies.
Ethereum (ETH) and XRP also recorded significant gains, rising by more than 7% and 5% respectively, in the past 24 hours. This indicates that market participants are moving from caution toward moderate optimism as global economic conditions begin to improve.
Bitcoin Rebound, Start of a New Trend or Temporary Relief?
Although positive momentum is forming, analysts caution that BTC still faces challenges at its key resistance zone. To confirm a sustained bullish trend, strong trading volume and a daily close above US$106,500 are needed.
For investors, the current situation presents an opportunity to closely monitor price movements and adjust strategies according to their risk profile. With improving macro sentiment, Bitcoin has the potential to continue its recovery — as long as it can maintain stability at these key levels.
%201.png){kind=logo}
