Bitcoin has surged to new heights even as the global macroeconomic environment grows increasingly fragile. Bond yields are spiking in the US and Japan, global growth is losing steam, and American consumer confidence hovers near historic lows. Ironically, the very conditions that once cast a shadow over Bitcoin’s prospects are now powering its ascent. This reversal underscores a profound shift in investor psychology — a redefinition of risk and refuge. At the heart of this pivot lies the escalating US debt crisis and the surge in Treasury yields, long viewed as the bedrock of financial safety. What were once bastions of stability are now being reassessed, and Bitcoin, once dismissed as speculative, is emerging as a credible alternative in a world where traditional safe havens are cracking.
At the time of writing, BTC was trading at $109,462.
BTC, after taking support around the key level of $73,500, started moving up. On a weekly time frame, the asset has been trading in green for over the past seven weeks by making a ‘Higher High Higher Low’ pattern. The price surged almost 49.7% from the recent lows and made the all-time high of $111,980. BTC has strong support at $100,000 and $90,000.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2. |
| $90,000 | $100,000 | BTC | $125,000 | $130,000 |
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