Bitcoin (BTC) is showing signs of recovery after dipping on renewed concerns over U.S. trade tariffs, with strong demand re-emerging around the $103,000 level. Market data suggests institutional bids played a key role in stabilizing the price.
The broader macroeconomic backdrop remains tense, with global markets reacting to policy shifts and trade rhetoric. Despite the volatility, institutional appetite for BTC appears undeterred. Both Strategy Inc. (formerly MicroStrategy) and GameStop reportedly added to their Bitcoin holdings this week.
Technical Overview
- Bitcoin found firm support in the $103,200–$103,400 range, where heavy buying activity halted the decline. CoinDesk Research analysis flagged this area as a critical demand zone.
- Momentum picked up once BTC broke through the $104,000 resistance, with climbing volume signaling strong conviction among buyers.
- The technical structure now suggests a potential bottoming formation, with a newly established base that could support continued upward movement.
- In the most recent hourly action, BTC bounced from $104,146 to $104,303, with a volume spike confirming bullish momentum.
- A short-term consolidation zone between $104,077 and $104,263 preceded the breakout, with near-term support now anchored around $104,080.
While short-term volatility remains elevated, Bitcoin’s resilience and the presence of institutional support hint at renewed strength as markets digest ongoing macro uncertainty.
