Long

Bitcoin

<p>The crypto world is abuzz with recent analyses suggesting that Bitcoin could target a price of $90,000 on long-term bullish signals. This optimism is fueled by classic indicators predicting an imminent breakout in BTC price.</p> 
<h2 id="h-90-000-in-sight-bitcoin-strikes-hard-in-the-long-term">$90,000 in Sight: Bitcoin Strikes Hard in the Long Term&nbsp;</h2> 
<p>Despite a mixed performance in June, Bitcoin remains a solid investment over longer periods. Some analysts argue that BTC’s price action is just a consolidation below all-time highs! <a href="https://www.cointribune.com/en/bitcoin-bandwidth-explodes-by-91-4-after-the-halving/" target="_blank" rel="noreferrer noopener">A typical behavior of a bullish market</a> that can last several months.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>Popular traders have highlighted the relative strength index (RSI) and Bollinger Bands on the weekly chart. They predict an upward squeeze as the next logical step for bitcoin’s price action. A bullish divergence is forming between the price and the RSI, while the Bollinger Bands are tightening, creating the necessary volatility for a significant rise.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noreferrer noopener">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<p>In a subsequent post, <a href="https://x.com/roman_trading/status/1804581181520040007?s=46&amp;t=zj7ICl0Lw9vdTKh741lFIQ" target="_blank" rel="noreferrer noopener">analysts suggested</a> that the target of such a rise could well hit new all-time highs, potentially reaching $90,000. They advise paying attention to the weekly close for further indications of bullish continuation.</p> 
<h2 id="h-finally-the-long-awaited-btc-rally">Finally, the Long-Awaited BTC Rally?</h2> 
<p>Current macroeconomic conditions, such as US stock indices hitting records and falling bond yields, are conducive to a strong performance in BTC price. Historically, this has been a good environment for Bitcoin and cryptos to thrive, although it may sometimes take a bit of time for cryptocurrencies to catch up.</p> 
<p>The prospect of a $90,000 Bitcoin is a sign of confidence in the resilience and <a href="https://www.cointribune.com/en/here-are-the-keys-to-massive-crypto-adoption-according-to-the-ceo-of-x10/" target="_blank" rel="noreferrer noopener">continued growth</a> of the crypto market. While analysts remain cautious about these predictions in the short term, optimism prevails about BTC’s long-term potential as a viable and lucrative investment asset.</p>

Bitcoin Aiming for $90,000: Prepare for the Rally!

Table of Contents

Cointribune EN

Other articles published on Jun 24, 2024

Stay Ahead in Crypto with RCO Finance’s Advanced AI and Crypto Market Insights

BitFlyer to Acquire FTX’s Japanese Arm Amid Crypto Market Turbulence

Shiba Inu Price Nosedives, Key Indicator Say This

Why are traders shorting Michael Saylor’s MicroStrategy?

No More Shitcoinery: Giants Protocol Brings Utility To Runes With First-Ever Bitcoin UTXO-Based D...

Why Is the Crypto Market Down Today?

Join our free newsletter for daily crypto updates!