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Bitcoin Eyes $90,000 as Momentum Builds Above Key Resistance Levels
$BTC
Bitcoin continues to trade below the $90,000 threshold, leaving investors eager to see whether the recent rebound marks the beginning of a renewed rally. After a prolonged pullback from its historic peak above $100,000 to lows under $80,000, the asset has regained ground to hover near $83,000. This uptick has sparked cautious optimism in the crypto space, with market participants questioning whether the broader bull cycle still has legs.
$Market analyst RLinda, posting on TradingView, highlights that Bitcoin has started to show early signs of strength. However, despite this positive shift, the broader trend remains technically bearish until BTC can reclaim certain crucial levels. The recovery past the $80,000 mark has been partly fueled by favorable macro signals, including stronger domestic indices and speculation about a potential rate cut by the Federal Reserve. Meanwhile, ongoing geopolitical tensions—particularly the intensifying trade friction between the U.S. and China—have injected both volatility and opportunity into the crypto landscape.
The next critical resistance for Bitcoin lies at $86,190. According to RLinda, this level serves as a make-or-break point; a confirmed breakout here could validate the end of the downtrend and potentially pave the way for further upward movement. If bulls can decisively push through this level, the next key hurdle will be around $88,800—a zone that could either trigger further momentum toward $90,000 or act as a point of reversal.
On the downside, traders should watch the $83,170 level as immediate support, followed by a more substantial floor around $78,170. These zones are likely to be tested if Bitcoin fails to hold above $86,190. RLinda warns that price reactions around $88,800 must be observed closely, as aggressive rallies can sometimes result in false breakouts followed by swift corrections.
#BitcoinUpdate
#BTCPriceAction #CryptoMarketTrends #MacroImpact
$BTC
Bitcoin continues to trade below the $90,000 threshold, leaving investors eager to see whether the recent rebound marks the beginning of a renewed rally. After a prolonged pullback from its historic peak above $100,000 to lows under $80,000, the asset has regained ground to hover near $83,000. This uptick has sparked cautious optimism in the crypto space, with market participants questioning whether the broader bull cycle still has legs.
$Market analyst RLinda, posting on TradingView, highlights that Bitcoin has started to show early signs of strength. However, despite this positive shift, the broader trend remains technically bearish until BTC can reclaim certain crucial levels. The recovery past the $80,000 mark has been partly fueled by favorable macro signals, including stronger domestic indices and speculation about a potential rate cut by the Federal Reserve. Meanwhile, ongoing geopolitical tensions—particularly the intensifying trade friction between the U.S. and China—have injected both volatility and opportunity into the crypto landscape.
The next critical resistance for Bitcoin lies at $86,190. According to RLinda, this level serves as a make-or-break point; a confirmed breakout here could validate the end of the downtrend and potentially pave the way for further upward movement. If bulls can decisively push through this level, the next key hurdle will be around $88,800—a zone that could either trigger further momentum toward $90,000 or act as a point of reversal.
On the downside, traders should watch the $83,170 level as immediate support, followed by a more substantial floor around $78,170. These zones are likely to be tested if Bitcoin fails to hold above $86,190. RLinda warns that price reactions around $88,800 must be observed closely, as aggressive rallies can sometimes result in false breakouts followed by swift corrections.
#BitcoinUpdate
#BTCPriceAction #CryptoMarketTrends #MacroImpact
#MacroImpact — CPI, Fed, China, oil — when the world sneezes, crypto reacts. What macro trend are you watching most closely?
👉 coiniq.io #GlobalMarkets #coiniqsavescrypto #coiniq
China GDP growth rate:
👉 coiniq.io #GlobalMarkets #coiniqsavescrypto #coiniq
China GDP growth rate:
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