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Bitcoin #BTC has risen nearly 4% in the last 24 hours, trading around $90,700 USD, with strong volume and expectations of interest rate cuts in the U.S. boosting optimism.
📊 BTC movement summary in 24h
- Current price: $90,708 USD
- Change: +3.88% (+$3,393 USD)
- Price range: between $86,131 and $91,393 USD
- Volume: increased between 14% and 19%, reflecting higher activity
🔎 Key factors of the surge
- Monetary policy expectations: Markets are pricing in an 85% probability of a rate cut in December, favoring risk assets like #BTC.
- Liquidity and liquidations: $365 million in liquidations were recorded, mainly from short positions, accelerating the rise.
- Open interest: increased slightly (+0.55%), indicating that traders are maintaining exposure.
- Institutional movements: SpaceX transferred $105M $BTC , generating additional attention.
📈 Technical analysis
- Trend: Bulls dominate the market; $BTC is approaching the resistance of $91,000.
- Key support: $87,000 USD. If the price closes below, it could test lower levels.
- Indicators: RSI and moving averages show bullish strength, although with overbought risk.
⚠️ Risks and opportunities
- The current momentum could lead to #BTC consolidating above $91,000 if the rate cut is confirmed.
- High volatility; a quick correction towards $87,000 is possible if the rally loses strength.
- The narrative of “shelter against inflation and low rates” is back in focus.
{spot}(BTCUSDT)
Bitcoin #BTC has risen nearly 4% in the last 24 hours, trading around $90,700 USD, with strong volume and expectations of interest rate cuts in the U.S. boosting optimism.
📊 BTC movement summary in 24h
- Current price: $90,708 USD
- Change: +3.88% (+$3,393 USD)
- Price range: between $86,131 and $91,393 USD
- Volume: increased between 14% and 19%, reflecting higher activity
🔎 Key factors of the surge
- Monetary policy expectations: Markets are pricing in an 85% probability of a rate cut in December, favoring risk assets like #BTC.
- Liquidity and liquidations: $365 million in liquidations were recorded, mainly from short positions, accelerating the rise.
- Open interest: increased slightly (+0.55%), indicating that traders are maintaining exposure.
- Institutional movements: SpaceX transferred $105M $BTC , generating additional attention.
📈 Technical analysis
- Trend: Bulls dominate the market; $BTC is approaching the resistance of $91,000.
- Key support: $87,000 USD. If the price closes below, it could test lower levels.
- Indicators: RSI and moving averages show bullish strength, although with overbought risk.
⚠️ Risks and opportunities
- The current momentum could lead to #BTC consolidating above $91,000 if the rate cut is confirmed.
- High volatility; a quick correction towards $87,000 is possible if the rally loses strength.
- The narrative of “shelter against inflation and low rates” is back in focus.
{spot}(BTCUSDT)
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BTC
86,752.8
+0.02%