$BTC Important News!
Our analysis team said that after reaching a 14-day high, the price of Bitcoin must break through one more level; the consolidation area is between $90,000 and $94,000. Based on these levels, analysts believe that the next accessible level could be $92,000, although some experts believe that the price of Bitcoin could even exceed this level despite concerns about a false bullish breakout.
According to the analysis, Bitcoin is currently above the Kumo cloud, which is a high resistance area. If the price of Bitcoin closes above this level, the next possible target will be the daily fair value gap of $92,000.
The long-term outlook for Bitcoin remains positive, and the increase in supply for long-term holders is another bullish sign. As more investors hold Bitcoin for the long term, the available supply on exchanges will decrease, creating potential upward pressure on prices.
