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>
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<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> 
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<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!

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Ďalšie články zverejnené 24. 6. 2024

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