Can $BTC make its way back to $90K this month?
Bitcoin is currently trading near $86K and buyers are still protecting the $85K level. So far, that support is doing its job, but bulls haven't yet made the breakout we need to see.
For me, the important levels are pretty simple:
$87K is the first level I want to see broken.
Above that, the next major target is $90K.
If Bitcoin manages to reclaim $90K with strong buying pressure, we could see a much faster move higher.
But there is also a level we cannot ignore.
If $BTC loses $85K, this bullish setup starts getting weaker and a move toward $82.5K becomes possible.
Fundamentally, there are still some positive developments around Bitcoin. Strategy added another 334 BTC, while the SEC approved the first U.S. 3x leveraged Bitcoin and Ethereum ETFs.
So right now, I'm not chasing the move.
I'm watching $85K support and $87K resistance closely. A breakout above $87K could give bulls the momentum they need to challenge $90K.
The next few moves could be very important for Bitcoin this month.
Bitcoin is currently trading near $86K and buyers are still protecting the $85K level. So far, that support is doing its job, but bulls haven't yet made the breakout we need to see.
For me, the important levels are pretty simple:
$87K is the first level I want to see broken.
Above that, the next major target is $90K.
If Bitcoin manages to reclaim $90K with strong buying pressure, we could see a much faster move higher.
But there is also a level we cannot ignore.
If $BTC loses $85K, this bullish setup starts getting weaker and a move toward $82.5K becomes possible.
Fundamentally, there are still some positive developments around Bitcoin. Strategy added another 334 BTC, while the SEC approved the first U.S. 3x leveraged Bitcoin and Ethereum ETFs.
So right now, I'm not chasing the move.
I'm watching $85K support and $87K resistance closely. A breakout above $87K could give bulls the momentum they need to challenge $90K.
The next few moves could be very important for Bitcoin this month.
