For several weeks, the price of Bitcoin has established dangerously under the psychological figure of $ 100,000. However, according to an Glassnod indicator, if the BTC remains beyond $ 92,000, a new ascent is possible. And the next increase in the King of Cryptos could lead him around $ 130,000. For its part, Ethereum (ETH) remains silent and under the $ 3,000, even if the ETPs in cash are green. Is the environment currently favorable to cryptocurrencies? In the macro point, we try to know if investors are interested in risky assets such as bitcoin and cryptocurrencies. Let's immediately make a point on the macro situation!
Can Bitcoin fall asleep under $ 100,000, can the course start up?
Bitcoin course is Buyers controlled for several months, because he has drawn hollows and ascending summits net in time unit 3 days. But after a bullish explosion that allowed the BTC to join $ 100,000the course Mark a break. The BTC is in a Range between $ 92,000 and $ 104,000. What if the sellers were handing over? THE Institutional bias (EMA 9/EMA 18) could grow downwards In the coming weeks if buyers do not react. And that had not happened since September 2024.
Bitcoin course against the dollar (3D) to avoid knowing a wave of decline that could strongly impact altcoins, it would be necessary Rebound and break the resistance at $ 104,000. Furthermore, the RSI is downward Since November. However, as long as the dynamics are thus, and the RSI is stuck under the Dowing trendlinethe The moment is fragile. Therefore, it will be necessary Break the trendline to find a bullish momentum.
Risk off: the dollar falls, and the gold continues to impress
Towards a top on the dollar index?
Seeing the dollar evolving is not positive for cryptocurrencies. Indeed, when the BTC and the Cryptos were in bear marketthe dollar climbed strongly. Usually the sector of cryptocurrencies is struggling to explode when the dollar is powerful. Besides, the BTC recorded its bottom at the end of 2022, when the dollar marked a market top:
Graphic of the dollar index (3D) since the end of September, the Dollar has left its range and the course has violently rebounded. But after several months of increase, a top could well set up. The course fell under the Resistance at 108and if the trend continues, the institutional bias could come across down in the coming weeks. To hope to have an Altcoin Season, the Dollar is weakening. The RSI started a dropand the trend will have to continue to see that the Momentum is now in the hands of sellers.
Gold goes on new ATH
For its part, theHowever, hollows and ascending peaks for several months, and Mobiles 9 and 18 continue to act as a dynamic support. The sellers could have regained hands with the Decrease under $ 2,600but the buyers were able to react at the right time To support the golden price:
Gold course against the dollar (3D) the course So chain the Ath And he is very close to Touch the $ 3,000. The course could block against this round psychological figure, especially since the RSI the dual to repasser bullish. In the event of a fall on the RSI under the hollow to 48a news divergence could appear. And that would indicate theSpeaking of the course. The Bitcoin hesitates under $ 100,000but this is not the case of gold which should soon join the $ 3,000. Despite everything, the pair Gold/BTC continues to be lower in unit of time 3 days:
Gold course in front of Bitcoin (3D) if the BTC does not wake up, and the pair iron beyond the resistancel’Now could again outperform the King of Cryptos. On the RSI, a bullish divergence could appear in the event of development beyond the last summits around 62. To continue having a momentum fragilethe RSI records a new lower in the coming weeks.
The US market is still controlled by buyers
Acceleration to come for the S&P 500?
The course of the S&P 500 draws a Clearly upward dynamic Since the end of 2022. For several months, buyers have responded to the level of Mobiles 9 and 18 bruises. And if the trend continues, the course could fly far beyond $ 6,000 :
S&P 500 course against the dollar (3D) in the event of a fall, the course could Rebound on bullish mobile averages and on support at $ 5,850. But a loss of this support could Send S&P 500 to $ 5,650. The momentum indicator RSI will have to break the downstream trendline To hope for a new bullish momentum with volatility. Because otherwise, the Momentum would indicate shortness of breath.
The Nasdaq rebounds on the mobile averages 9 and 18 bruises
Nothing seems to stop the Nasdaq which is also controlled by buyers for several months. The course is once again from Rebound at the level of the mobile averages 9 and 18 bruises and a nouvel ATH was marked:
Nasdaq course against the dollar (3D) as long as the dynamic is up And that the Mobile Middle Ages 9 and 18 support the course, the Nasdaq could continue to climb andSave new ATH. On the other hand, the Loss of the support at $ 20,300 could generate downward volatility. And as for the S&P 500, a Breakdown break could give rise to bullish volatility On the course.
Key elements to remember
Bitcoin's price is still in a generally upward dynamic, but it evolves in a range between $ 104,000 and $ 92,000. A movement with volatility could intervene when one of the two terminals will give in. Good news for cryptocurrencies, the dollar index seems to be weakening. But the course of the DXY will have to continue to drop so that Bitcoin and Cryptos can express themselves freely. In the meantime, gold, S&P 500 and Nasdaq are solid. And according to Bernstein, the next phase of increase in Bitcoin could in particular be fed by the potential national BTC reserve in the USA.