Bitcoin shines again: heading for a breakout above $84,000?
The price of Bitcoin (BTC) is decisively moving around $84,000, fueling bullish sentiment among investors and traders. After days of consolidation, BTC seems ready to break the resistance and aim for new highs.
What is driving the market?
• Wall Street rebounds after weeks of uncertainty
• The US bond market creaks, pushing many towards alternative assets
• Trade tensions easing, with signs of de-escalation on the geopolitical front
The worsening bond yields are making Bitcoin increasingly attractive as an alternative refuge, and the narrative of digital gold is strengthening. In this context, BTC could benefit from a mix of macro factors and technical movements.
Eyes on $85,000: a decisive breakout could open the doors to a new bullish leg.
However, beware of volatility: the coming days will be crucial.
How are you preparing? Are you accumulating or waiting for the breakout?
Let’s discuss in the comments.
