Excellent recovery in the cryptocurrency market today after a long period of stagnation

#Bitcoin

has returned to rise, breaking through $88,000 after falling to levels of $76 in the previous days,

which means it will test the resistance area of $90. If it breaks through this, which is expected due to the buying momentum happening now, we will witness price stability at levels of $90-$92, waiting to see if the momentum continues and if liquidity from other asset markets allows it to retest its last peak of $108,000. If this is breached, it will be supported by great enthusiasm from cryptocurrency and Bitcoin investment enthusiasts, potentially reaching $130,000 as analysts predicted before the end of the year.

This will be accompanied by the transfer of liquidity to #ETH, marking the beginning of the altcoin season.

Can we say that global market fluctuations have driven everyone to trust gold more, which has risen to $3,300 per ounce, and is it time for electronic gold represented by Bitcoin to rise as a value-holding asset, transforming all trust into gold and Bitcoin, and consequently cryptocurrencies amidst high volatility in other economic activity markets?‼️

All analyses remain predictions and not financial advice

#Economic_Files