Bitcoin Rebounds Above $104,300 as Tariff Chaos Triggers Nearly $1B in Liquidations

Global financial tensions and commerce coverage uncertainties proceed to affect cryptocurrency markets as Bitcoin recovers from a latest correction.

Despite the pullback, institutional curiosity stays robust with companies like Strategy (previously MicroStrategy) and GameStop including BTC to their company treasuries.

Technical Analysis Highlights

• The 24-hour interval reveals a transparent bottoming sample with robust quantity assist rising across the $103,200-$103,400 zone, the place patrons persistently stepped in, in response to CoinDesk Research's technical evaluation knowledge mannequin.
• The subsequent restoration section gained momentum after breaking above the $104,000 resistance stage, with rising quantity confirming purchaser conviction.
• This technical construction suggests the correction has doubtless accomplished, with the value now establishing a brand new assist base for potential continuation of the broader uptrend.
• In the final hour, Bitcoin demonstrated a notable restoration sample, climbing from $104,146 to $104,303, with important bullish momentum rising at 14:01.
• Price surged from $104,188 to $104,323 on considerably larger quantity (429 BTC traded).
• The worth motion fashioned a transparent consolidation vary between $104,077 and $104,263 earlier than the breakout, with key assist established round $104,080-$104,090.

External References

• “Bitcoin Price Extends Losses — Is More Downside on the Horizon?“, NewsBTC, revealed May 30, 2025.
• “Bitcoin at Risk of Breakdown if Major Support Level Fails, Says Trader Justin Bennett – Here Are His Targets“, The Daily Hodl, revealed May 30, 2025.
• “Bitcoin price prediction 2025-2031: Will BTC hit $150k soon?“, Cryptopolitan, revealed May 31, 2025.