Bitcoinfor a long time to move from the falling trend channel to move again began to make a name for himself. While the price rises over the $ 88,000 threshold, better performance of US stocks and bonds has created a new wave of trust among investors. Bitcoin, which stands out as a means of protection against the depreciation in the US dollar, entered the radar of both individual and corporate investors. Experts emphasize that the level of 90 thousand dollars in line with technical analysis is now a realistic target.
As the dollar weakens, interest in Bitcoin increases
Matrixport analyst Markus ThielenAccording to Bitcoin is no longer an alternative investment instrument, but also a protection shield against the depreciation in the US dollar. This feature was previously observed in countries with high inflation and currency pressure. Argentina And Türkiye It is a well -known fact that when investors lose their confidence in local currencies in such economies, they turn their aspects into decentralized assets such as Bitcoin.
Similar examples were seen during the debt crises in Southern European countries. Today, while the macroeconomic pressures concentrated again, the search for a similar trust came to the agenda globally. This function of Bitcoin makes it not only an investment tool, but also a financial security element.
There is a resistance of $ 90 thousand on the horizon
Technical analysis data reveals that the rise initiated by Bitcoin at $ 74,437 has a strong momentum. The largest reaching the levels over 88 thousand dollars by breaking the decline channel crypto currencyoffered investors the opportunity to recruit. According to experts, this mobility can be a harbinger of a new wave of rise.
Moreover, the level of $ 90 thousand is shown as an important point of resistance both psychological and technical. Exceeding this level may prepare the ground for the new peaks that Bitcoin has not been able to test before. Experts see this threshold critical because the upward breaking of this region can significantly increase the acceleration of the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
