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Bitcoin Rebounds As Traders Test Nerves And Charts Point To A Pivotal Week
(MENAFN- The Rio Times) Bitcoin opened Monday on steadier footing, bouncing back to the mid-$106,000s after last week's slide toward the $100,000 line.
The move pulled broader crypto higher: Ethereum outpaced the majors, while XRP, Solana, and Litecoin all advanced as weekend selling pressure eased. Liquidity rotated back to the leaders overnight, with spot volumes concentrating in Bitcoin and Ethereum.
The immediate driver is positioning rather than euphoria. After a string of ETF outflows and forced deleveraging knocked prices lower, the market is attempting a“reset rally.”
That makes this week's levels unusually informative: traders want to see whether buyers can convert a short-term pop into a durable reclaim of trend.
Technically, the 4-hour chart shows improving momentum-RSI firming and MACD turning up-consistent with a reflex move off support.
The daily picture is still repairing: price has stepped back above short-to-medium moving averages around 103,000–104,500, but the burden of proof remains with the bulls.
Overhead, 108,000 is the first supply shelf; 110,000–111,000 is the zone that would flip the narrative to a new-high attempt. Lose the 103,000–104,000 band again and the market likely retests $100,000, with 95,000–92,000 as the deeper cushion.
The longer lens matters. For the fourth time in two years, Bitcoin 's weekly pullback tagged the rising 50-week moving average-historically a springboard that preceded fresh highs in October 2023, September 2024, and April 2025.
That pattern argues for patience, but momentum is softer than on earlier bounces, so confirmation-through weekly closes, not slogans-will decide the outcome.
Across majors, leadership rotated. Ethereum 's rebound put $3,800 back in view if follow-through holds. XRP's recovery into the mid-$2s needs sustained closes above resistance to extend.
Solana looks constructive above $150, with $200–$202 the“prove-it” line. Litecoin reclaimed $100 as network activity stayed elevated.
Policy noise is fading in the tape. Markets tend to reward rules-based behavior-capital discipline, risk controls, and respect for trend-over grand plans and heavy-handed intervention.
If flows stabilize and key levels give way to the upside, the path to another high reopens. If not, the reset was just that: a pause before the next test of nerve.
The move pulled broader crypto higher: Ethereum outpaced the majors, while XRP, Solana, and Litecoin all advanced as weekend selling pressure eased. Liquidity rotated back to the leaders overnight, with spot volumes concentrating in Bitcoin and Ethereum.
The immediate driver is positioning rather than euphoria. After a string of ETF outflows and forced deleveraging knocked prices lower, the market is attempting a“reset rally.”
That makes this week's levels unusually informative: traders want to see whether buyers can convert a short-term pop into a durable reclaim of trend.
Technically, the 4-hour chart shows improving momentum-RSI firming and MACD turning up-consistent with a reflex move off support.
The daily picture is still repairing: price has stepped back above short-to-medium moving averages around 103,000–104,500, but the burden of proof remains with the bulls.
Overhead, 108,000 is the first supply shelf; 110,000–111,000 is the zone that would flip the narrative to a new-high attempt. Lose the 103,000–104,000 band again and the market likely retests $100,000, with 95,000–92,000 as the deeper cushion.
The longer lens matters. For the fourth time in two years, Bitcoin 's weekly pullback tagged the rising 50-week moving average-historically a springboard that preceded fresh highs in October 2023, September 2024, and April 2025.
That pattern argues for patience, but momentum is softer than on earlier bounces, so confirmation-through weekly closes, not slogans-will decide the outcome.
Across majors, leadership rotated. Ethereum 's rebound put $3,800 back in view if follow-through holds. XRP's recovery into the mid-$2s needs sustained closes above resistance to extend.
Solana looks constructive above $150, with $200–$202 the“prove-it” line. Litecoin reclaimed $100 as network activity stayed elevated.
Policy noise is fading in the tape. Markets tend to reward rules-based behavior-capital discipline, risk controls, and respect for trend-over grand plans and heavy-handed intervention.
If flows stabilize and key levels give way to the upside, the path to another high reopens. If not, the reset was just that: a pause before the next test of nerve.
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