Bullish dominance, BTC rebounds strongly.
Since Bitcoin (BTC) broke through the $90,000 mark on Tuesday, market sentiment has quickly turned optimistic. After weeks of uncertainty, the strong rebound in price has injected a new round of confidence into the market. As bullish momentum gradually accelerates, Bitcoin's price potential has sparked renewed discussions in the market, possibly testing higher resistance ranges.
Despite the increasingly positive market sentiment, global tensions, especially the China-U.S. trade war, still cast a shadow over the financial markets. Such geopolitical pressures may influence Bitcoin's price trends in the coming months or even years, with specific trends depending on the progress of negotiations.
Bullish sentiment is strong, BTC sentiment index breaks 67%.
Despite facing risks, the latest data from CryptoQuant shows that Bitcoin's advanced sentiment index has climbed to 67%, indicating that market confidence is recovering. Historically, this level of sentiment aligns with sustained upward trends, especially supported by technical breakthroughs, leading to an increasingly bullish atmosphere.
Bitcoin is currently at a critical moment: the short-term price trend is dominated by bulls, but after breaking through $90,000, the market will face the challenge of whether it can break through higher resistance levels. Whether it continues to rise or experiences a pullback has become the focus of investors.
Global uncertainty, BTC is still influenced by external factors.
Even though Bitcoin is seen as a tool to hedge against macroeconomic pressures, global geopolitical tensions can still have a significant impact on it. Factors such as supply chain risks and uncertainties in monetary policy may lead to increased volatility in the cryptocurrency market, affecting Bitcoin's short-term trend.
Bullish momentum is strong, breaking $95,000 is key.
Currently, the price of Bitcoin is firmly above $91,000, maintaining resilience in the short term. A breakout of the $95,000 to $96,000 range could push Bitcoin into the next upward cycle, targeting $100,000. However, the breakout may take some time, and the market may consolidate within this range, waiting for strong trading volume to support further increases.
The future trend depends on market demand and trading volume.
To validate the sustainability of the rebound, Bitcoin needs to maintain strong support above the $95,000 to $96,000 range. Breaking through these key levels could trigger a new round of increases.
If market demand continues to rise, BTC is expected to successfully break through $100,000. However, in the short term, the market may experience fluctuations, so investors should be prepared for potential price volatility.
