Bitcoin, according to TradingView, shows signs of an upward reversal as its demand has reached a four-month high. The price is currently around $103,000, with the most significant resistance at $110,000. This development indicates improved investor sentiment and a growing appetite for risk amid more favorable macroeconomic factors.

Bitcoin indicates trend reversal

The difference between mined and inactive coins rose on November 12 to 5,047 BTC – the highest value since July. This signals increasing demand activity and a potential reversal after a period of stagnation. Demand had been negative since October 8, falling to -3,930 BTC, but it has since rebounded significantly. A similar situation occurred at the end of April, followed by a price rise from $85,000 to $112,000, according to data from Capriole Investments.

At the same time, the volume of spot Bitcoin trades increased by 23% to $14.1 billion, representing an early signal of buyers returning to the market. The rising volume indicates stronger investor participation and creates conditions for potential growth.

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Optimism supported by US policy

Market optimism is not accidental. Growing investor confidence has been supported by news about the end of the US government shutdown and Donald Trump’s promise of tariff dividends of $2,000 for households. Expectations of interest rate cuts by the Federal Reserve in December and upcoming quantitative easing also create a favorable environment for risk assets.

After the announcement of the end of the 41-day US government shutdown, the market reacted immediately. Historically, Bitcoin has shown strong gains after government shutdowns. In 2018, after a similar event, it rose by 96%, and in 2019 by 157%. Even now, the market reacts with optimism, indicating a return to an upward trend.

Growth usually comes with a certain delay as investors react to broader macroeconomic improvements. If the legislative process is completed and stimulus measures are implemented, Bitcoin could confirm the continuation of the upward trend in the coming weeks.

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