Bitcoin shows 1 May an increase of 3% and briefly reaches $ 97,400 before it descends to $ 96,600. Hussiers investors are now preparing to face a psychological resistance of $ 97,000, while gold has experienced a significant correction and has lost more than 8%since its recent historical heights.
Bitcoin resistance to the face of macroeconomic uncertainty
May 1, the price of bitcoins exceeded from 22 February $ 97,000, which is the highest level.
This output has been in parallel with a significant increase in the US stock markets, especially powered by Microsoft, which jumped by 10 %, making it the most valuable society in the world.
Data Cointlegraph Markets Pro and TradingView confirms this ascending trend that is under pressure from sales positions.
The analyst Daan Crypto Tradees also pointed out that the actions could be re -connected with permanent dynamics if they are maintained above the Fibonacci level to 0.618 after their recent repair.
” I think the general rule is that if the action returns over the retirement of Fibonacci 0.618 along a sharp drop, it is considered to be achieved by the cavity “He explained in the analysis published on X.
The liquidity of the order book shows a significant concentration of around $ 97,000, a key level that traders carefully monitor. According to Correglass data, the main resistance is placed on this threshold, which could determine further market administration.
A favorable context in spite of the concern of the recession
While Bitcoin flies away, gold is undergoing a significant correction of more than 8 % compared to recent historical heights. This decline is part of the wider context of the decline in raw materials, especially oil, which also undergoes a difficult period.
This divergence between gold and Bitcoin comes because concerns about the recession in the United States are reinforced according to bad data from American GDP. 0.3 % of the US economy contraction in the first quarter of 2025 puts the federal reserve system under pressure to reduce its interest rates.
Analyst Michaël van de Poppe said this unfavorable macroeconomic data increases the pressure on the Fed to restart the cash print, which would be beneficial in the medium term beneficial for risk assets, but negative for short -term gold.
In parallel, the institutional interest in bitcoins continues to strengthen, as evidenced by a record investment of $ 970 million, which Blackrock has made to its bitcoin ETF, strengthening its dominant position in this market.
Paradoxically, Bitcoin, who faced the viewer of the US recession and weakens the dollar, paradoxically pulled out of the game in 2025 and gradually saved himself as a reserve of alternative value, such as the Arizona initiative, which plans to make it a strategic state reserve.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
