In brief
- Bitcoin stabilized above $105,000 over the weekend, triggering a push toward $109,400.
- Experts say Bitcoin could be forming a local bottom amid softening U.S.-China trade tensions, but remain cautious.
- The end of quantitative tightening and potential rate cuts create a bullish setup for Bitcoin heading into 2026.
Bitcoin is showing signs of stabilization as key macroeconomic pressures begin to ease, with experts suggesting the top crypto may be bottoming.
Bitcoin is up nearly 2% over 24 hours, setting a high of $109,405, fueling a minor rally across the broader altcoin market, CoinGecko data shows.
“I think Bitcoin is bottoming here,” Peter Chung, head of research at Presto Research, told Decrypt. “I expect the next move is more likely to be upward rather than downward.”
The potential bullish reversal follows the Fed’s dovish pivot last week, in which Chair Powell signaled that quantitative-tightening may be coming to an end and that interest-rate cuts are on the table.
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Author: Akash Girimath
