Donald Trump

Bitcoin

Momentum

<ul class="wp-block-list">
 <li>Bitcoin targets $97,600 driven by strong technical indicators and Fibonacci levels.</li>  
 <li>Futures trading volume spikes to $129 billion, signaling high market speculation.</li>  
 <li>Analysts warn of volatility risks due to overbought RSI and excessive market leverage.</li> 
</ul>  
<p>Bitcoin (BTC) seems ready for another major leap. The cryptocurrency hit $93,265 this week, breaking records before dropping slightly. Analysts now eye $97,600 as the next big target. Fibonacci levels and Ichimoku indicators suggest further gains. However, the market remains volatile. Traders and investors must approach with caution as speculation runs high.</p>  
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<h2 class="wp-block-heading" id="h-reasons-why-bitcoin-looks-strong">Reasons Why Bitcoin Looks Strong</h2>  
<p>The weekly chart reveals a <a href="https://cryptonewsland.com/bitcoins-latest-ath-93434-36-spurs-bullish-100000/" rel="noopener noreferrer nofollow">bullish trend</a>. Prices sit above key Ichimoku lines, confirming upward momentum. Fibonacci levels highlight $97,600 as the next resistance, while the Lagging Span indicates more room for growth.</p>  
<p>Bitcoin futures trading adds to the excitement. The BTC/USDT pair saw $129 billion in volume this week. Binance alone accounted for $50.2 billion, reflecting intense speculation. However, heavy leverage could bring sharp corrections. Analysts warn that extreme market positioning often leads to pullbacks.</p>  
<p>The <a href="https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/RSI" rel="noopener noreferrer nofollow">Relative Strength Index</a> supports this caution. At 75, RSI shows overbought conditions and signals potential for a dip. A correction could send Bitcoin toward $78,807, a key support level based on Fibonacci extensions.</p>  
<h2 class="wp-block-heading" id="h-looking-beyond-the-charts-a-new-narrative">Looking Beyond the Charts: A New Narrative</h2>  
<p>Geopolitical factors also boost Bitcoin’s appeal. Reports suggest <a href="https://www.instagram.com/realdonaldtrump/?hl=en" rel="noopener noreferrer nofollow">Donald Trump</a> might push for a Bitcoin reserve if re-elected. This vision of replacing gold with cryptocurrency strengthens Bitcoin's long-term value.</p>  
<p>Despite optimism, risks remain. Analysts note excessive leverage in altcoin markets, with funding rates climbing as high as 100%. Such conditions increase the likelihood of sudden market corrections.</p>  
<p>For now, patience and careful strategy are crucial. Bitcoin’s fundamentals point to a bright future, but navigating short-term volatility requires discipline. The path to $97,000 promises excitement and challenges. Smart moves will separate winners from those caught off guard by the next market swing.</p> 
<p>The post <a href="https://cryptonewsland.com/btc-bullish-momentum-signals-massive-upside/" rel="noopener noreferrer nofollow">Bitcoin Targets $97,000: Bullish Momentum Signals Massive Upside</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Targets $97,000: Bullish Momentum Signals Massive Upside

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