$BTC The third time... but there is something different this time
The first time when Bitcoin reached $BTC at the level of 88,765... and it was very close to 88,820, but it couldn't break it. The second time it rose to 88,500, but it again failed to approach this "fateful" number. And now this is the third time.
But what is different this time is that the American markets have started a clear downward wave... while Bitcoin is following a completely different path. The inverse relationship has started to appear suspiciously. It's as if someone is writing the scenario with extreme precision.
There is no randomness in the scene. Everything is moving with precise calculations. But the question that haunts me: why, despite all these attempts, all this momentum, and all this liquidity, can it not touch 88,820? A small number, but it could change the rules of the game and turn the trends upside down.
We wait and see... But what is certain is that something is being cooked behind the scenes.
#USChinaTension Are U.S. Restrictions Driving China to Dominate the Chip Market?
In an effort to hinder China's progress in the technology sector, the United States has imposed strict restrictions on the export of advanced computer chips to Beijing. However, contrary to expectations, analysts believe that this move may lead to counterproductive results, enhancing China's independence and its ability to innovate in the semiconductor field.
In this context, tech expert Jack Gold stated to the French Press Agency: "The United States is giving China a strategic gift, as it pushes Chinese companies to accelerate their efforts and develop their local industry." He added, "Once these companies become capable of producing competitive chips, they will begin exporting them globally, and consumers will find a competitive-priced alternative, making it difficult for U.S. companies to regain their market position."
These repercussions have already begun to appear as both "Nvidia" and "AMD" announced forecasts of huge financial losses due to the new rules. According to documents submitted to the U.S. Securities and Exchange Commission, "Nvidia" may lose about $5.5 billion, while "AMD" expects a decline in its profits of up to $800 million. Amid these challenges, it seems that U.S. sanctions may accelerate China's rise as a major force in the electronic chip market instead of slowing its progress.
Bitcoin recorded a price of $87,000 this morning, and forecasts indicate the possibility of a bearish pullback in the coming days. The expected targets are as follows:
83,000$ as the first target
78,000$ as the second target
73,000$ as the third target
As for the further targets, they are:
68,000$
63,000$
58,000$
And finally 55,000$
If these targets are achieved quickly in the coming month, it may indicate a violent rise towards the $90,000 area, followed by a gradual decline extending over approximately six months.
After the markets experienced a state of fluctuation last week, signs of stability have started to return, especially with Bitcoin now reaching around $89,000, after it was close to dropping below the support level of $83,000. The current rise is driven by several positive factors, the most important of which are statements from American officials about their intention to ease regulatory restrictions on the blockchain sector, which has restored some confidence for traders and major investors.
On the other hand, some investment banks in Europe have announced that they have started adding Bitcoin to their hedge fund portfolios, as a form of diversification amidst the unstable geopolitical conditions in many areas. This is a kind of institutional adoption that always leads to a price increase.
Technically, most indicators are giving positive signals:
The RSI is approaching the 70 area, meaning there is momentum but still room for upward movement.
The MACD has formed a bullish crossover, which is a traditional signal for the beginning of a new trend.
The next resistance level is around $91,000, and if broken, we might see numbers close to $95,000.
But be careful, the market is still sensitive and any negative news could reverse the trend. As long as we are above $86,000, the upward trend is dominant, but it is important to monitor trading volume and be prepared for any correction.
If you are trading, this is a time when you need to be quick in making decisions... because the movement is starting to seem like it is not temporary.
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