Bitcoin Goes Up in the Sky and Hits $87K - Set Overflows on ETF and Trump, The Effect of Digital Gold.#crypto
Bitcoin just broke $87,000 — and this is no weekend wiggle. This rally was set by macro factors. 🤝 ETF inflows are influenced by presidential drama; BTC is riding a perfect storm.
Trump wants to replace Fed Chair Powell, the dollar touches a three-year low, and gold moons to $3,382 — enter Bitcoin, the modern-day vault. So with BlackRock's IBIT ETF hauling in $45.5M in one single swoop, and whales pulling more than 14,000 BTC from exchanges, this isn't hype; this is addressing institutional conviction.
Technically? BTC breached resistance at $86K, retested it successfully, and now it is eyeing $88.8K. RSI and MACD indicators currently indicate bulls, while volume is waiting to wake up Wall Street.
The narrative has changed. BTC is not merely "risk-on." It is becoming "policy-proof." A hedge against fiat chaos. A mirror to macro fear. Digital gold? Nah. Digital everything.