Yes

>>Cryptocurrency market steadies as the downtrend eases, prompting speculation on what could spark the next rally.

Cryptocurrency market steadies as the downtrend eases, prompting speculation on what could spark the next rally.

crypthub

2 days ago

Recent Price Action

Bitcoin broke above critical resistance this week after recent declines, signaling a tentative market recovery. The rally coincided with progress in U.S.-China tariff talks, boosting sentiment. Analysts view the move as a possible catalyst for further upside.

Technical Benchmarks

The short‑term holders’ cost basis sits near $113,600, a level BTC must hold to shift from defensive to constructive momentum. Prices currently sit just above $114,400, but a slip below $113,600 could open a path to the $97,500 support near the 0.75 quantile. Maintaining above the cost basis is seen as essential for sustaining the bullish trend.

Macro Liquidity Shifts

Rising oil prices and a weaker Japanese yen are redirecting liquidity toward risk assets, including crypto. Institutional investors are reassessing bonds and equities, showing growing interest in digital currencies. This macro backdrop could provide additional buying pressure for BTC.

Outlook

If selling pressure eases near the lower boundary, the market may be primed for a new uptrend. Future rallies will likely depend on macro developments and the ability to stay above key technical thresholds. The next weeks will test whether the current stabilization holds.