#BitcoinClears$85200
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*#BitcoinClears$85200 🔥 Bitcoin breaks 85,200$*
Today, Bitcoin broke through the most important resistance at $85,200 and strongly reclaimed above it after dropping to $82,500 yesterday.
The main reason is US inflation data coming in below expectations, which led investors to believe the Federal Reserve won’t raise interest rates—so the dollar fell and Bitcoin rose.
This number is important because it was both a psychological and technical barrier. Breaking it opens the path to 87K then 90K, and analysts are now talking about a target of $100K before the end of the year.
Bitcoin is up more than 40% during this quarter, while gold is down 4%, proving that it’s still the strongest asset in the market despite rising bond yields.
Will Bitcoin hold above $85,200, or will it retest support?
$BTC $QNT #BinanceSquareTalks #cryptouniverseofficial
#bitcoin #BTC #cryptocurrencies
---
*#BitcoinClears$85200 🔥 Bitcoin breaks 85,200$*
Today, Bitcoin broke through the most important resistance at $85,200 and strongly reclaimed above it after dropping to $82,500 yesterday.
The main reason is US inflation data coming in below expectations, which led investors to believe the Federal Reserve won’t raise interest rates—so the dollar fell and Bitcoin rose.
This number is important because it was both a psychological and technical barrier. Breaking it opens the path to 87K then 90K, and analysts are now talking about a target of $100K before the end of the year.
Bitcoin is up more than 40% during this quarter, while gold is down 4%, proving that it’s still the strongest asset in the market despite rising bond yields.
Will Bitcoin hold above $85,200, or will it retest support?
$BTC $QNT #BinanceSquareTalks #cryptouniverseofficial
#bitcoin #BTC #cryptocurrencies
