$BTC

Bitcoin is back in the game: what’s next?

After five weeks of calm, Bitcoin has finally come to life and has broken an important psychological level — $90,000. There is currently optimism in the market, and many are expecting continued growth.

Investors are greedy

Social media is experiencing a surge of positive sentiment, similar to November 2024 during the US elections. People believe in further growth and are trying not to miss the moment. But this is not always good: when there are too many greedy investors — the market can overheat, and the price may pull back.

Macroeconomics on Bitcoin's side

The profit/loss (P/L) indicator has almost reached the level of 1.0. This means that half of the holders are in profit, while half are in loss. Such a balance previously served as a resistance level during tough times, but if Bitcoin confidently breaks through it, there is a chance for a powerful continuation of growth.

However, this is also a double-edged sword. Many may want to sell and lock in profits, which will create pressure on the price.

Forecast: everything depends on support

Currently, Bitcoin is priced around $95,000. It has almost approached the important level of $95,761. If it breaks through — the path to $100,000 is open. Greed will intensify, no one will want to sell, and demand will continue to rise.