📈 Bitcoin at $88,000.. Are you seeing $90,000 soon? 🚀
In-depth analysis of Bitcoin's prospects reaching $90,000:
🎯 Supporting technical and dynamic factors:
🔹 Strong technical momentum:
• Breaking resistance at $85,000 opened the way to higher levels
• Moving averages forming a strong bullish arrangement (50 days > 100 days > 200 days)
• RSI indicator still in the positive zone without reaching overbought levels
🔹 Institutional flows:
• Net inflows to Bitcoin ETF funds are significantly increasing
• Increased participation from major institutional investors
📊 Fundamental driving factors:
🔹 Global liquidity environment:
• Expectations of interest rate cuts support risk assets
• Weak US dollar enhances the appeal of Bitcoin
🔹 Internal factors in the cryptocurrency market:
• Shrinking supply on exchanges
• HODLers' address activity still remains high⚠️ Risks to watch:
🔸 Economic data risks:
• Upcoming Consumer Price Index (CPI) reports
• US labor market data
• Any change in the tone of Federal Reserve officials
🔸 Market risks:
• Potential profit-taking at resistance levels
• Sudden volatility in liquidity
🎯 Critical levels:
🛡️ Support: $85,000 - $83,000
🎯 Resistance: $90,000 - $92,000
📈 Forecasts and potential scenarios:---🔔
