Bitcoin (BTC)
Continuing to fight for direction in the middle of mounting macroeconomic pressure and a remarkable deterioration of the retail investor’s mood. The asset hoveres near $ 103,700 after a volatile 24-hour stretch, with a briefly falling below $ 103,400, before staging a modest improvement, according to Coindesk Research’s technical analysis model. This pricing reflects an uneasy market background, shaped by both geopolitical tensions and uncertain monetary policy.
According to an X -post from Crypto Analytics -Santiment on Thursday, mood among retail investors has become sharply negative. The company reported that the relationship between Bullish and Bearish comment has fallen to only 1.03 to 1-the lowest since the beginning of April, when President Donald Trump revealed his so-called Liberation Day Tariffer and triggered Peak Market fears at the time.
Santiment emphasized that this current wave of retail pessimism is unusually intense, and based on previous patterns can mark a counter -counter for a price uptake. They specifically noted that Bitcoin back in April gathered shortly after similar levels of fear emerged, which suggested that large investors often spend periods of retail capitulation to accumulate at favorable prices.
Adding to the pressure is the Federal Reserve’s recent decision to keep interest rates steady, which has held the BTCOIN trade with a relatively tight $ 100,000 to $ 110,000 range over the past month. Meanwhile, on-chain-Metrics shows declining open interest in binance pointing to continued degradation among derivatives. At the same time, the whale crowd has shown stable accumulation since the 2023-one indication that large holders continue to build their positions despite the short-term uncertainty.
Technical analysis highlights
- BTC-USD traded in a 24-hour range between $ 106,552.98 and $ 102,411.01, a 3.89% turn as volatility connected to noon.
- A sharp fall occurred between 14:00 and 17:00 UTC, pushing price below $ 104,000 and forming strong resistance near $ 106,000 on volume above average.
- Support emerged between $ 103,000 and $ 103,500, with the price consolidated on falling volume in the last eight hours of the analysis period.
- A V-shaped rebound developed late in the session, with BTC rising from $ 103,363 to $ 103,618 and establishing a local floor near $ 103,500.
- Short-term momentum indicators showed mild improvement as the session closed near intraday heights but follow-up remained limited.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
