Bitcoin recovers to $ 114,000

Over the past day, bitcoin BTC $122,465.00 Mezo Wrapped BTC 1.59% Market capitalization $43.11 million VOL. 24 hours $2.48 billion has shown a recovery, rising in price for two days in a row and returning to $ 114,000 after falling to a low of about $ 108,650. Analysts note that a double bottom is forming on the charts, which could signal further growth in the value of the cryptocurrency in the coming weeks.

Experts point out that the market is not only recouping losses but also demonstrating a strong defense of key levels. If bitcoin manages to overcome the neckline at $ 117,800, the next significant target could be $ 127,000, which would exceed the peak of 2025. This is confirmed by the price’s consolidation above the 50- and 100-day exponential moving averages, as well as the signals from the RSI and MACD indicators, which are now in favor of buyers.

At the same time, technical factors are not the only ones that affect market dynamics. Political and economic risks in the US are creating additional pressure. Due to disputes between parties in Washington, the government is on the verge of a shutdown, which could raise new concerns about economic growth. This, in turn, could force the Federal Reserve to resort to more drastic rate cuts, a scenario that has traditionally supported demand for alternative assets such as gold and bitcoin.

Moody’s chief economist Mark Zandi noted that although the risks of an immediate recession have decreased, the US economy remains vulnerable, as growth is largely based on investments in artificial intelligence and spending by wealthy households. In his opinion, this model makes the recovery unsustainable. Additional uncertainty is created by the upcoming US employment report: strong figures could postpone monetary policy easing, while weak figures could reinforce expectations of faster rate cuts. Fed officials, in particular Beth Hammack, emphasize that inflation risks are still relevant, so there is no need to rush to change the course.

Against this backdrop, the flagship crypto market is increasingly being compared to gold, which set new historical highs in 2025. Both assets are considered hedges against volatility, which increases investor interest in digital currency. If the technical scenario is confirmed and macroeconomic conditions coincide, the world’s main cryptocurrency could reach new record levels.