44999162314Bitcoin (in English)The current price is $86,771.60, with an increase of 2.56% compared to the last day. Its market capitalization is $1.76 trillion. Let's break down the market analysis:
*Key Trends:*
- *Bullish Momentum*: Bitcoin (in English)The price trajectory remains intact, with a breakout above $70,000 consolidating a new bullish phase.
- *Resistance Levels*: The current resistance is around $118,000, marked by the upper wick of a recent candle.
- *Support Levels*: Key support levels to watch are $90,000, $85,000, and $71,000, which could serve as potential entry points.
*Market Sentiment:*
- *Investor Confidence*: The sentiment is positive, and investors are anticipating strong bullish momentum that could drive the price to unprecedented levels.
- *Accumulation*: Data shows strong accumulation by investors, with outflows exceeding inflows, indicating a possible price increase.
*Future Outlook:*
- *Possible Rally*: Analysts predict a possible rally in the last quarter of the year, driven by the post-halving cycle.
- *Volatility Compression*: Bitcoin (in English)Volatility has decreased, with an annualized rate of 32%, setting the stage for a possible breakout ¹ ².
*Trading Strategies:*
- *Long-term Investors*: Accumulate during dips, especially around $85,000 and $71,000, and hold it long-term.
- *Short-term Traders*: Trade around resistance levels, monitoring for possible corrections and using ETH/USD as the main indicator for BTC (in English) direction ¹.