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Bitcoin Jumps Back Above $105,000 After Last Week’s Major Sell-off
Bitcoin has shown strong recovery momentum after falling below $100,000 multiple times last week and bottoming near $98,900. The cryptocurrency bounced sharply, reclaiming key short-term moving averages. The crossover between the 5- and 10-period moving averages on the 4H chart reflects renewed buying pressure, with the price now attempting to stabilize above the $106,000 level. MACD is also confirming the bullish tone as the MACD line has crossed above the signal line, a clear indication of positive momentum. For now, Bitcoin’s near-term bias remains bullish, and if the price sustains above the mid-term moving ... (full story)
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