Bitcoin Over $87,000! Has the bull season started? •
Excitement is at its peak in the crypto world today! Bitcoin made one of its strongest breakouts in recent times, crossing the 87,000 USDT level. BTC, which is currently trading around $87,018, has begun to regain confidence among investors.
According to technical analysis data, RSI (89.8) has entered the overbought zone. While the MACD is still giving an upward signal, this brings with it the risk of a correction in the short term. However, despite this volatility, market participants believe that the rise can continue. Especially after breaking the resistance level of $86,000, eyes are now on $87,500 and even $90,000 targets.
Also, another noteworthy situation is the fact that many altcoins are flat despite this rise in BTC. This shows that investors are currently directing more of their capital to BTC. That is, Bitcoin dominance is increasing again.
So how long can this rise last? Have the bulls really taken control or is this just a relief rally?
What is your date? Do you think BTC can see 90K in the short term or do you expect a pullback from here?