iDEGEN Turns Early Adopters to Rich Crypto Investors Ahead of Its Listing

The cryptocurrency market has continued to show resilience in the wake of trade tensions. Most majors have recorded some gains as investors beyond

Bitcoin price showed resilience last week, continuing to trade above a crucial support level despite the risk-off sentiment. Meanwhile, BTC fiyatı hedefliyor $96K as it attempts to reclaim the upper support level, setting the stage for a further rebound towards the psychologically crucial zone of $100K.

Bitcoin price attempts to reclaim upper support level

Even with the recent risk-off mood, Bitcoin fiyatı held steady above $90,000, a support zone that has been in place since mid-November 2024. As a cryptocurrency, it is categorized as a risky asset.

Despite this categorization, bitcoin continues to attract more individual and institutional investors as its global adoption increases. In fact, countries like the US and Czech Republic may soon join the growing number of nations and sovereign wealth funds that have included Bitcoin in their strategic reserves.

This optimism, coupled with eased cryptocurrency regulations, will support bitcoin in the short and medium term.

A look at its daily chart shows Bitcoin price hovering around the 50-day EMA while still trading below the short-term 20-day EMA. At the same time, its RSI is at 47, slightly below the neutral level of 50.

However, the RSI is facing upwards, indicating that the current rebound may continue in the ensuing sessions. At its current level, the range between the psychologically crucial zone of $100,000 and the support level of $96,005 is worth watching.

Further rebounding will have the bulls eyeing the next target at $102,595. However, this bullish thesis will be invalid if the cryptocurrency pulls back below the lower support zone of $94,444.87.

Bitcoin price endeavors to hit $96K as it attempts to reclaim the upper support level, setting the stage for a further rebound towards the psychologically crucial zone of $100K.

After breaking out of a crucial resistance zone at the beginning of March, Bitcoin fiyatı hedefliyor $96K. As the world’s largest cryptocurrency continues to trade within a range, a breakout from this level will have the bulls eyeing the next target at $102K.

Bitcoin price attempts to reclaim upper support level

Bitcoin price showed resilience last week, continuing to trade above a crucial support level despite the risk-off sentiment. Meanwhile, BTC fiyatı hedefliyor $96K as it attempts to reclaim the upper support level, setting the stage for a further rebound towards the psychologically crucial zone of $100K.

Bitcoin price attempts to reclaim upper support level

Even with the recent risk-off mood, Bitcoin fiyatı held steady above $90,000, a support level that has been in place since mid-November 2024. As a cryptocurrency, it is categorized as a risky asset.

Despite this categorization, bitcoin continues to attract more individual and institutional investors as its global adoption increases. In fact, countries like the US and Czech Republic may soon join the growing number of nations and sovereign wealth funds that have included Bitcoin in their strategic reserves.

This optimism, coupled with eased cryptocurrency regulations, will support bitcoin in the short and medium term.

A look at its daily chart shows Bitcoin price hovering around the 50-day EMA while still trading below the short-term 20-day EMA. At the same time, its RSI is at 47, slightly below the neutral level of 50.

However, the RSI is facing upwards, indicating that the current rebound may continue in the ensuing sessions. At its current level, the range between the psychologically crucial zone of $100,000 and the support level of $96,005 is worth watching.

Further rebounding will have the bulls eyeing the next target at $102,595. However, this bullish thesis will be invalid if the cryptocurrency pulls back below the lower support zone of $94,444.87.