The Bitcoin (BTC) price is gathering above the last decent resistance level of $106,000 on Wednesday. Should the bulls manage to close a daily candle above this level, and flip it into support, a rise up and beyond the $109,300 all-time high may not be far away.
Positive factors for Bitcoin
Bitcoin (BTC) is only a whisker away from recording an all-time high, the index of the biggest 500 US companies (S&P 500) is doggedly climbing back to all-time highs, and the tariff tantrums are probably mostly behind us.
Economic indicators report chooses to focus on consumer sentiment
However, the Leading Economy Index (LEI), a composite of several economic indicators, fell 1% in April, which is the biggest fall since March 2023, and it became the fifth monthly decline in a row.
A report on the LEI by Newsweek declared that “consumers’ expectations for business conditions” was one of the most significant of the 10 economic components of the LEI. It also affirmed that “co
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