#BTCvsMarkets 🚀
🕒 Last 24 h
✅ Bitcoin rose from 88,900 USD to 94,500 USD, meaning it gained 6.3%.
🛑 Nasdaq dropped 0.7% and the S&P 500 dropped 0.4%, while gold rose 0.9%.
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🔑 What happened with the 92,000 USD
1. Sell barriers: until recently, many investors had placed sell orders around 92,000 USD. It was a level that Bitcoin had not clearly surpassed for several weeks.
2. Break accompanied by volume: crossing that level was not just a price crossing, but it came with a 25% increase in trading volume compared to the daily average. This shows that new hands willing to buy entered at that point.
3. Strength signal: when an asset surpasses a historical resistance with more volume than usual, analysts interpret it as the beginning of a sustainable upward trend, because it indicates that the market “burns” sell orders and pushes the price to higher levels.
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🤔 Why is Bitcoin rising while the Stock Market corrects?
Entry of institutional flows: just this month, nearly 1 billion USD has been injected into Bitcoin ETFs in the U.S.
Cantor-Tether Fund: launched a 3.6 billion USD vehicle, reinforcing the confidence of large investors in BTC as a “safe haven” asset.
Regulatory expectation: investors are buying before the SEC publishes its conclusions in the roundtables on crypto assets.
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📈 Levels to watch
Support: if the price declines, 92,000 USD should act as a floor.
Next resistance: 97,000 USD, the point where many place their sell orders.
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💡 Summary
Bitcoin not only rose 6% in a day: it convincingly broke a level that had contained its price, supported by volume clearly above usual. This distinguishes it from declines in equities and reinforces it as a mixed asset between “safe haven” and “high risk”.
$BTC
BTC
93,456.79
-0.35%
The text above was posted by another user, it is not mine. I just copied it to ask where I can find that information.
