#BTCvsMarkets Last 24h
✅ Bitcoin advanced from 88,900 USD to 94,500 USD, meaning it gained 6.3%.
🛑 Nasdaq fell 0.7% and the S&P 500 0.4%, while gold rose 0.9%.
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🔑 What happened with the 92,000 USD
1. Sell barriers: until recently, many investors had placed sell orders around 92,000 USD. It was a level that Bitcoin had not managed to clearly surpass for several weeks.
2. Break accompanied by volume: crossing that level was not just a simple price crossing, but came with a 25% increase in trading volume compared to the daily average. This shows that new hands willing to buy entered at that point.
3. Strength signal: when an asset surpasses a historical resistance with more volume than usual, analysts interpret it as the beginning of a sustainable bullish trend, as it indicates that the market is “burning” sell orders and pushing the price to higher levels.
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🤔 Why is Bitcoin rising while the Stock Market corrects?
Entry of institutional flows: only this month, almost 1 billion USD has been injected into Bitcoin ETFs in the U.S.
Cantor-Tether Fund: launched a 3.6 billion USD vehicle, reinforcing the confidence of large investors in BTC as a “safe-haven” asset.
Regulatory expectation: investors are buying before the SEC publishes its findings in the roundtables on crypto assets.
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📈 Levels to watch
Support: if the price declines, 92,000 USD should act as a floor.
Next resistance: 97,000 USD, the point where many place their sell orders.