Bitcoin (BTC) quickly closes the $ 100,000 mark while US President Donald Trump has teased a major trade agreement, reports suggesting that this could be with the United Kingdom
The rise in prices is consistent with the technical configuration and the feeling of risks stopped in cryptocurrency and the dynamic risks on the traditional markets. To date, Asian shares have been negotiated, the term contracts linked to the S&P 500 of 0.6%.
However, some factors suggest that the break of $ 100,000 may not be smoothly driving.
WSJ pours cold water on optimism
First, in accordance with the Wall Street Journal, the Big Trade agreement that Trump has teased on Truth Social could be an “framework of an announcement with pricing adjustments”.
In other words, the imminent announcement could be a framework for discussions that could lead to a trade agreement in weeks or in months. Thus, the bruise in BTC could slow down once the initial optimism fades.
Resistance at $ 99.9,000
As discussed earlier this week, the $ 99,900 could prove to be a difficult to break due to the increased sales potential for those who bought parts at the start of this year and profits by long -term holders.
Coinbase Premium
The Coinbase bonus indicator, which measures the gap between the BTC dollars prize on the Coinbase exchange and the prize labeled by the ties, is largely considered as an indirect indicator of the demand of American investors.
In the past, BTC BTC races have been characterized by an increase in the Coinbase bonus.
However, since the end of April, the mobile average seven days before the Coinbase bonus has diverge the price.
RSI down divergence
While BTC set a new summit of several weeks during the Asian session, the 14 -hour relative force index, an indicator used to assess the momentum and the conditions of overabundance and occurrence, did not follow suit.
The resulting bearish divergence suggests that the momentum can weaken.
