Bitcoin made an incredible leap, touching $91,000 and marking its highest point in 45 days! The reason? According to Cointelegraph, analysts are viewing a possible truce in Trump's trade war positively, and that is boosting the stock markets!
Marcel Pechman from Cointelegraph tells us that some analysts even dare to predict $95,000 for Bitcoin. Can you imagine? However, be careful, BTC futures do not seem to be so convinced for now, with an annualized premium that is not considered super bullish.
Bitcoin has already attempted to break through $90,000 several times in March without success. As the article says, the "post-traumatic stress" of traders is real! But the good news is that, despite everything, Bitcoin has performed remarkably in the last 30 days.
Cointelegraph also highlights that institutional interest seems to be returning strongly. There were significant inflows into Bitcoin ETFs! Are the whales sensing the opportunity?
An analyst named Rekt Capital claims that the months-long downtrend has ended! And that could mean a significant bullish trend in the future! Moreover, the tension between Trump and the Federal Reserve chairman could be weakening the dollar, which would be great news for Bitcoin as a decentralized asset!
It seems there are reasons to be optimistic about Bitcoin, especially if trade tensions ease. Although futures are not celebrating victory yet, institutional interest is returning, and analysts see bullish potential.