🔍 Bitcoin Market Analysis – The Unknown Behind the Rise?

According to The Kobeissi Letter, the market just increased by over 1% in a day without any noteworthy news.

"As has happened several times this year, it feels like someone is acting before the information is released. We expect a bullish announcement to appear soon."

"The current Bitcoin price chart is very similar to the mid-stage of the 2021 bull run. If that scenario repeats, we are likely to see a correction to around ~$86,000 – coinciding with the important EMA line of the long-term uptrend. This would be a classic retest after breaking resistance."

However, "The important thing right now is that BTC must hold above the $93,500 level on the weekly timeframe. If it fails, the growth structure may be broken."

📊 SUMMARY:

✅ Increase without reason → high likelihood of strong news coming soon

📉 Retesting the $87K level is reasonable in the “2021 bull run” scenario

🔑 Key level to watch: $93,500 (W1 close)