Bitcoin Holds Gains Above 100,000, Nasdaq Eyes New Records

Key Events

• Earnings: Netflix (Tuesday), Tesla (Wednesday).
• Earnings momentum, ceasefire hopes, and improving trade sentiment are helping markets stabilize, keeping Bitcoin above 100,000 and redirecting the Nasdaq toward its 25,000 record levels.
• Despite the recovery in risk assets, safe-haven demand for precious metals and the U.S. dollar continues to limit broader market risk appetite.

Bitcoin Outlook: 2 Week Time Frame – Log Scale

Source: Tradingview

Despite recent headwinds, Bitcoin’s price action continues to respect the long-term trendline connecting consecutive higher lows dating back to 2015 (a 10-year support). The critical support level for this month remains the 100,000 barrier.

Looking at the 2-week RSI, momentum appears to be contracting near overbought levels, signaling the potential for a major breakout on the chart.

Now that the broader structure is established, let’s zoom in to define the key technical levels.

Bitcoin Outlook: 2 Week Time Frame – Log Scale

Source: Tradingview

Bitcoin’s price appears to be forming a negative divergence with the RSI overall. However, if market sentiment remains supportive, upside potential may still extend further — especially if Bitcoin closes above 125,000.

A confirmed close above 125,000 would likely push prices toward new records near 137,000, 150,000, and 200,000, aligning with the trendline connecting consecutive highs between March and December 2024.

On the downside, if the 100,000 support and decade-long trendline give way, a deeper correction could emerge toward 84,000 and 70,000, potentially providing buy-the-dip opportunities.

Nasdaq Outlook: Daily Time Frame – Log Scale

Source: Tradingview

On the daily chart, the Nasdaq is eyeing a return to its 25,000 record high and the upper boundary of the respected ascending channel extending from August 2025.

• A confirmed hold above 25,100 is expected to drive the index higher toward 25,370 and 25,770.
• On the downside, a drop below 24,500 could bring 24,200 and 24,000 into focus as initial support levels.
• If these supports fail, a deeper decline could extend toward 23,700, 23,100, and 22,900, respectively.

Written by Razan Hilal, CMT

Follow on X: @Rh_waves