BTCUSD

Bitcoin continues to move in parallel with global risk appetite. A flight to safety spreading across the markets (geopolitical tensions, hawkish Fed) may drive investors away from Bitcoin, triggering a decline towards the support levels of 106388.40 and 103146.74 below the pivot level of 107620.67. In the opposite scenario, a dovish stance from the Fed and an increase in risk appetite could lead to buying in cryptocurrencies, making a rise towards the resistance level of 110862.33 possible.