After the markets experienced a state of fluctuation last week, signs of stability have started to return, especially with Bitcoin now reaching around $89,000, after it was close to dropping below the support level of $83,000. The current rise is driven by several positive factors, the most important of which are statements from American officials about their intention to ease regulatory restrictions on the blockchain sector, which has restored some confidence for traders and major investors.

On the other hand, some investment banks in Europe have announced that they have started adding Bitcoin to their hedge fund portfolios, as a form of diversification amidst the unstable geopolitical conditions in many areas. This is a kind of institutional adoption that always leads to a price increase.

Technically, most indicators are giving positive signals:

The RSI is approaching the 70 area, meaning there is momentum but still room for upward movement.

The MACD has formed a bullish crossover, which is a traditional signal for the beginning of a new trend.

The next resistance level is around $91,000, and if broken, we might see numbers close to $95,000.

But be careful, the market is still sensitive and any negative news could reverse the trend. As long as we are above $86,000, the upward trend is dominant, but it is important to monitor trading volume and be prepared for any correction.

If you are trading, this is a time when you need to be quick in making decisions... because the movement is starting to seem like it is not temporary.