Bitcoin has been on a hot streak lately. After dipping a bit, . Traders and fans are buzzing with excitement. The king of crypto is showing strong signs of a comeback. In this post, we break down the latest , what charts say, and what could push BTC to new heights.
Right now, Bitcoin trades around $85,000. That’s up from lows near $80,000 last week. Daily gains have been steady. Volume is picking up, which means more buyers are jumping in. This momentum feels like the start of something big.
Key levels to watch: Support at $82,000 holds firm. Resistance sits at $88,000. Break that, and $90,000 is next.
Let’s look at the charts. Bitcoin’s daily chart shows a bullish flag pattern. This often leads to big breakouts. The 50-day moving average is rising and crossing the 200-day one – a golden cross signal.
RSI is at 65, not overbought yet. MACD shows growing momentum. On the weekly chart, BTC bounced off the 0.618 Fibonacci level from the last drop. All signs scream .
Experts say if we hold above $84,000, the path to $90K clears. A close above $88K could spark FOMO buying.
It’s not just charts. Real-world factors are fueling the fire.
Spot Bitcoin ETFs saw massive inflows last week – over $600 million. Big players like BlackRock and Fidelity are stacking BTC. This demand sucks up supply, pushing prices up. When institutions buy, retail follows.
The April halving cut miner rewards in half. History shows BTC surges 12-18 months after. We’re right in that window. Supply shock meets rising demand – perfect storm for higher prices.
US Fed hints at rate cuts. Dollar weakening. Risk assets like stocks and crypto love this. Trump’s pro-crypto talk adds hype. Global adoption grows too – think El Salvador and new ETF approvals worldwide.
Long-term holders are not selling. Whale wallets accumulate. Exchange reserves drop, meaning less BTC for sale. Glassnode data shows HODL waves at all-time highs.
Bitcoin hit $90K+ earlier this cycle. It pulled back but held key supports. Past cycles: After 2021 peak, BTC retested highs multiple times before mooning. 2017 pattern was similar. If history rhymes, $100K+ is possible by year-end.
| Cycle Year | Peak Price | Retest Success |
|---|---|---|
| 2017 | $20K | Yes, to $30K later |
| 2021 | $69K | Yes, new ATH |
| 2024-25 | $92K | Ongoing |
Bitcoin can be wild. Here are hurdles:
But overall sentiment is bullish. Fear & Greed Index at 75 – greed zone.
Short-term: $90K retest by end of month if momentum holds.
Medium-term: $100K by Q1 2025.
Long-term: $150K+ in this cycle, per analysts like PlanB’s stock-to-flow model.
“Bitcoin doesn’t go up in a straight line, but the trend is your friend.” – Crypto Trader Pro
Ideas for traders and investors:
Always use risk management. Never invest more than you can lose.
The stage is set for Bitcoin to . Strong techs, ETF money, and halving magic align. Stay tuned – this rally could be epic. What do you think? Will BTC hit $90K soon? Drop your thoughts below!
Follow for more crypto updates. Prices change fast – DYOR.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Crypto Market Daily Roundup: as Volatility Eases, Sees Bipartisan Breakthrough The crypto market is showing…
Crypto Essentials for Social Workers: to Support Clients Better Cryptocurrency is everywhere now. Your clients…
Saudi Blockchain Leap: and Team Up for Regulatory Sandbox Payments Testing In a big move…
How Signals a Game-Changing Web3 Cross-Border Payments Strategy In the fast-moving world of crypto and…
Crypto Markets in Turmoil: Fuel Liquidation Storm The crypto world just took a hard hit.…
Introduction: A Convenient Trap in Your Local Store Picture this: You walk into your neighborhood…