Bitcoin's (BTC) price is gearing up for a potential rally towards or above $90,000 in the coming weeks, thanks to a mix of supportive technical, on-chain, and fundamental indicators. A bull pennant pattern has formed in BTC's price chart, suggesting a bullish continuation that could increase prices by 35% from current levels. Additionally, inflows into U.S.-based Bitcoin ETFs have been on the rise, with their reserves now exceeding $53 billion. This increased demand for the underlying assets could further boost BTC's price. Finally, a historical fractal comparison hints at more gains ahead, with a successful breakout potentially pushing BTC's price north of $75,000.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.