Part 7/8:
Notably, there has been a recent decline in overall market uncertainty, largely attributed to progress in trade negotiations with countries like China, India, and Qatar. If this trend continues without escalations in conflict, it could provide Bitcoin with the clarity and confidence required to draw more capital in the near future.
Despite potential for short-term volatility, Bitcoin has recently experienced a significant rally and may need to consolidate or pull back slightly to allow price and moving averages to stabilize. A critical resistance point is at $112,000, and breaking through this level could unlock new upward price trajectories, reaching as high as $120,000 to $130,000.