Bitcoin at $107,408 Eyes Breakout as ISM Nears Key 50 Level

Bitcoin Faces Market Reset Risk as Gold Strengthens, Warns McGlone

  • ISM New Orders near critical 50 mark, hinting at improving demand sentiment.
  • Liquidity trend has moved decisively above center and is accelerating upward.
  • Commodity ratios have begun rising from a bottom, indicating early-stage risk appetite shift.

Bitcoin’s upward trajectory remains intact as new data underscores building macroeconomic support. At a current price of $107,408, Bitcoin has edged higher by 0.4% in the last 24 hours. Market structure remains stable, with support near $106,556 and immediate resistance at $107,572. Behind this price action, several fundamental macro indicators are aligning, suggesting that the recent strength in digital assets could find reinforcement in the coming months.

Notably, the ISM New Orders Index, shown in pink on the oscillator below the price chart, holds significance due to its status as the leading component of the broader ISM manufacturing data. Its trajectory continues toward the 50 level, a key midpoint that typically reflects a shift from contraction to expansion in new orders. A confirmed print above this line would represent a decisive change in economic momentum, which could underpin risk assets such as cryptocurrencies.

Liquidity Measures Gain Strength Across Key Levels

In tandem with the ISM metric, the liquidity trend has gained noticeable traction. Represented by the blue line in the lower panel, liquidity levels have already crossed above the neutral center line and continue to rise. This change highlights an increase in market depth and capital availability, both essential for supporting higher asset valuations.

The upward movement in liquidity often precedes asset price growth by creating a favorable environment for speculative activity. With the liquidity measure not only above neutral but also trending higher, conditions have shifted toward expansion. This shift provides a constructive background for both Bitcoin and the broader crypto market.

Commodities Bottoming Signals Repricing Across Assets

At the same time, commodity ratios, illustrated by the orange line, have begun to reverse from cycle lows. This reversal marks an early inflection point that historically correlates with increased demand for hard assets and risk-on behavior in financial markets.

While the commodity ratio remains below the center line, its trajectory has turned upward. This pattern, combined with strengthening liquidity and pending improvements in manufacturing data, creates a synchronized macro backdrop. The combination of these three variables supports continued observation as investors navigate the evolving market dynamics.


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