Bitcoin Latest Update — PlanB’s $89K Target Faces Resistance
PlanB says Bitcoin’s bear market may be over after $BTC reclaimed a key 50-week moving average, with $89,000 identified as the next major target.
However, the technical level is disputed: other market data places the 50-week$SMA.US near $81,081, while the 50-week EMA is around $77,430. Bitcoin also faces a significant supply zone around $80K–$82K, where nearly 8% of BTC supply was acquired.
📊 Key levels to watch:
• Resistance: $80K–$82K
• PlanB target: $89K
• Bullish momentum signal: Monthly RSI around 51
• Risk factor: Spot demand and $ETFT.ETF flows remain mixed.
Bottom line: The latest data shows improving Bitcoin momentum, but a sustained move above $80K–$82K remains an important technical test before the $89K level comes into focus.
#BTCBreaks80K #SaylorHintsStrategyBitcoinBuy #BitcoinMarketCapTopsTesla
PlanB says Bitcoin’s bear market may be over after $BTC reclaimed a key 50-week moving average, with $89,000 identified as the next major target.
However, the technical level is disputed: other market data places the 50-week$SMA.US near $81,081, while the 50-week EMA is around $77,430. Bitcoin also faces a significant supply zone around $80K–$82K, where nearly 8% of BTC supply was acquired.
📊 Key levels to watch:
• Resistance: $80K–$82K
• PlanB target: $89K
• Bullish momentum signal: Monthly RSI around 51
• Risk factor: Spot demand and $ETFT.ETF flows remain mixed.
Bottom line: The latest data shows improving Bitcoin momentum, but a sustained move above $80K–$82K remains an important technical test before the $89K level comes into focus.
#BTCBreaks80K #SaylorHintsStrategyBitcoinBuy #BitcoinMarketCapTopsTesla
