Bitcoin is aiming for a breakout above $90K, with positive price action supported by new all-time highs in gold and silver. As the Asia trading session progressed, Bitcoin approached $88,658, signaling potential for further upward movement.
Traders are hopeful that the market reset following a $24 billion $BTC options expiry event will clear up price compression. Analyst Michaël van de Poppe predicts favorable conditions for Bitcoin in January, as asset managers reallocate their portfolios.
Bitcoin's short-term price action remains rangebound, with a daily close above $90K potentially leading to a move towards $95K and ultimately 100k.
