Bitcoin is once again on the rise, nearing an important resistance level at $90,000. Analyzing the situation reveals expert opinions about the future of the cryptocurrency.
Bitcoin Near Strong Resistance Level
Popular crypto analyst Michael van de Poppe notes that Bitcoin is nearing a key resistance zone between $88,244 - $86,549. Each time the price has reached this level, it has faced a pullback.
Global Events and Their Impact on Bitcoin Price
The analyst also mentioned a potential deal between the U.S. and China that could affect the market. If market tensions decrease, this could lead to an increase in Bitcoin prices.
Current Price Dynamics of Bitcoin
Currently, Bitcoin's price is slowly rising to around $88,500, reflecting a 1.5% increase over the last 24 hours.
The situation with Bitcoin is uncertain, with an approaching resistance level and potential influence from global events. The future of the cryptocurrency depends on buyer resilience and external factors.
