Bitcoin Rebounds Above $104,300 as Tariff Chaos Triggers Nearly $1B in Liquidations

Global economic tensions and trade policy uncertainties continue to influence cryptocurrency markets as Bitcoin recovers from a recent correction. Despite the pullback, institutional interest remains strong with firms like Strategy (formerly MicroStrategy) and GameStop adding BTC to their corporate treasuries. Technical Analysis HighlightsThe 24-hour period shows a clear bottoming pattern with strong volume support emerging around the $103,200-$103,400 zone, where buyers consistently stepped in, according to CoinDesk Research's technical analysis data model.The subsequent recovery phase gained momentum after breaking above the $104,000 resistance level, with increasing volume confirming buyer conviction source: https://www.coindesk.com/markets/2025/05/31/bitcoin-rebounds-above-usd104-300-as-tariff-chaos-triggers-nearly-usd1b-in-liquidations