Bitcoin (BTC) is rapidly closing in the $ 100,000 brand when the president of the United States, Donald Trump, joked with an important commercial agreement, with reports that suggest that it could be with the United Kingdom
The increase in prices is consistent with the broader bullish technical configuration of cryptocurrency and the feeling of buoyant risk in traditional markets. At the time of writing this article, Asian actions quoted higher, with futures linked to S&P 500 by 0.6%.
Even so, a couple of factors suggest that the rupture of $ 100,000 may not be a soft trip.
WSJ pours cold water on optimism
First, according to the Wall Street Journal, the big trade problem that Trump joked in Truth Social could be a “frame of an ad with tariff adjustments.”
In other words, the imminent announcement could be a framework of discussions that could lead to a trade agreement weeks or months from now on. Then, the bicing impulse in BTC could slow down once the initial optimism fades.
Resistance at $ 99.9k
As discussed earlier this week, $ 99,900 could be a difficult nut to decipher due to the potential of greater sales pressure of those who bought coins around these levels earlier this year and the profits by long -term holders.
Coinbase cousin
The Coinbase Prima Indicator, which measures the differential between the price called BTC dollars in the Coinbase exchange and the price called the deck layer in Binance, is widely seen as a proxy for the demand of investors based in the United States.
In the past, sustained BTC Toro races have been characterized by an increase in Coinbase premium.
However, since the end of April, the seven -day mobile average of Coinbase has diverged price bassist.
DIVENGENCE OF RSI GUBLISH
While BTC established a new high of several weeks during the Asian session, the relative resistance index of 14 hours, an indicator used to measure the impulse and overcompraous conditions, did not do the same.
The resulting bearish divergence suggests that the impulse can weaken.
