Bitcoin began the week with significant upward price adjustments following a market decline due to new tariffs. Institutional buyers and a changing macroeconomic environment support Bitcoin’s path toward $150,000.
Bitcoin Reclaims Strength Amid Market Volatility
Bitcoin saw a recovery on Tuesday, posting a 3.7% increase after dropping due to concerns over new trade tariffs. The market report from TradingView shows Bitcoin opened at 82,550 USDT before reaching 85,499 USDT and staying within the 85,149 USDT zone. Institutional buyers played a key role in the rebound, with companies like MicroStrategy, Tether, and Metaplanet announcing fresh Bitcoin purchases. Meanwhile, BlackRock’s IBIT ETF recorded 15 million USDT in inflows, indicating continued interest in Bitcoin as a long-term asset.
Technical Indicators Suggest Further Price Movement
Bitcoin’s technical indicators show mixed signals. The Bollinger Bands suggest increased volatility and potential movement toward 88,244 USDT. The MACD indicator is turning positive, indicating improving momentum. A confirmed crossover above the signal line would provide stronger confirmation for a continued upward trend. The next target stands at 88,000 USDT when Bitcoin succeeds in surmounting 85,500 USDT. However, if sellers push the price below 84,500 USDT, a retest of lower support levels might follow. Buyers are closely monitoring ETF inflows and macroeconomic developments for further confirmation of Bitcoin’s next move.
Forecast and Next Steps
Analysts suggest Bitcoin's ability to hold support above 82,500 USDT could support further upward movement. However, resistance near 88,000 USDT remains a key level to watch. With institutional investments and changing macroeconomic conditions, Bitcoin might continue its path toward the $150,000 mark.
The growing interest of institutional investors significantly impacts Bitcoin's trajectory. Holding and advancing past the $88,000 mark could be crucial before the next major surge toward $150,000.
