The wider altcoin market, led by ETH, is showing signs of a potential momentum shift, following BTC$BTC recent price surge towards $87.5k. The total crypto market cap rallied close to $3 trillion on March 26, as the market continued to show resilience amidst global economic shifts. 🌍💰
But what’s behind this recovery? Several factors are at play: 1️⃣ Renewed interest from whale investors 2️⃣ Macroeconomic conditions, including upcoming tariffs and the potential impact of U.S. Bitcoin ETFs with $744 million in cash inflows last week, and $111 million this week. 📈💸
While the fear of further Bitcoin correction has significantly decreased (BTC Fear & Greed Index around 47%), Santiment warns investors of a potential sell-off as bullish sentiment rises. Historically, crypto markets tend to move opposite to crowd expectations. 🚨 When everyone's shouting "to the moon," it’s time to be cautious. 🌙
🔮 What’s next for BTC?
- The technical outlook for Bitcoin suggests it may continue rising, with a resistance range between $89k-$91k.
- A sustained close above $91k could lead to a rally towards $100K, likely lifting the altcoin market along with it.
- However, a rejection could bring a correction back to $77k. 🔄
Stay cautious, stay informed, and keep your eyes on the charts! 👀📉
📊 WhiteBIT Chart: BTC/USDT (1D) #bitcoin Price Prediction: What is Bitcoins next move?#