Crypto analyst RLinda The bullish arguments for Bitcoin have been made, suggesting the crypto’s flagship could reach a new high soon. all-time high (ATH). She gave reasons for why Bitcoin might reach as much as $90.000.
Bitcoin could rise to as high as $90,000.
RLinda is a woman who has been mentioned on a post TradingView has determined that the fundamentals and technical conditions support a further increase in Bitcoin’s price, which may send it to as high as $90,000. The fundamentals are what the market wants to see. Spot Ethereum ETFs The launch would take place on “another positive lever for the cryptocurrency market.”
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RLinda also stated that Donald Trump who has already affirmed their position, is not a threat to the United States. support for cryptocurrenciesIncreases his chances of reelection. The market, according to her will respond positively if she wins. Crypto analyst highlights “other local nuances” Bitcoin’s rise could be attributed to this.
She said that high-ranking US officials are rethinking their position on Bitcoin and other cryptocurrencies. US Securities and Exchange Commission (SEC) It is also “smoothly changing its position on cryptocurrencies.” Hester Peirce, SEC commissioner is included in this list recent statement That the Commission would be open to re-evaluating the inclusion plans of the Spot Ethereum ETFs.
BTC from a technical perspective
RLinda reveals that a standard bullish flag pattern Bitcoin’s chart is showing a new pattern. Further, she stated that there are currently a “high probability” Bitcoin restesting the strong resistance of $71,700 at least or going higher. current ATH of $73,794.
Only after Bitcoin tests these zones again will the main crypto be ableto move to a new zone. “follow the formation of prerequisites for the breakout of global resistance” At $73,800. RLinda said that $67,250 and $71,750 Bitcoin needs to be able to overcome these levels of resistance. The flagship should remain between $63,800 – $59,300.
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RLinda also revealed that Bitcoin’s current range of prices is conducive to a breakout resistance, she said. “open a new way to the nearest resistance.” Bitcoin is expected to grow between $71,700- $73,800 in the short term.
RLinda gave an update to her idea, as Bitcoin had already retested $67.250. She highlighted that a cup-and-handle pattern Bitcoin’s weekly chart. This bullish pattern has reached its final stage, according to the crypto analyst. “its formation before realization.” According to the chart, she provided, this cup and handle formation could lead Bitcoin’s price up as high as $90,000.
Bitcoin’s price is currently around $67300. This represents an almost 1% increase in just the last 24 hour. data CoinMarketCap.
Featured Image created using Dall.E and chart from Tradingview.com
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Source: www.newsbtc.com
