#BTCBreaks99K
Here is a brief analysis of the situation with current events:
Factors driving Bitcoin above $99,000:
1. The Fed's decision to keep the rate unchanged:
This reduces the yield on dollar assets, making cryptocurrencies more attractive.
Expectations for future rate cuts are rising, which is positive for risky assets like BTC.
2. Trump's statement about a "major trade deal":
Increases overall optimism in the markets.
May indicate strengthening economic relations with China or another major power, which would reduce geopolitical tensions.
3. Technical breakthrough:
The level at $99,000 is an important resistance, breaking through which could trigger FOMO (fear of missing out) among investors and traders.
Nearby BTC levels:
Resistance:
$100,000 (key psychological level)
$105,000–$110,000 (with a stable consolidation above $100k)
Support:
$95,000 (recent high before the rise)
$88,000–$90,000 (strong demand zone where purchases previously occurred)
Risks:
Potential profit-taking around $100k.
If Trump's trade deal turns out to be insignificant or is delayed, it could cause a correction.
Increased regulation of cryptocurrencies may also affect growth.