Bitcoin continues its upward trend, approaching significant levels. Market sentiment in cryptocurrencies is improving, fueling growth in other top altcoins.
Recent Market Achievements
Bitcoin has risen by more than four percent in the past 24 hours, trading above $91,000. Most of the top 10 coins are also showing positive dynamics, attracting attention to the possible start of an altcoin season. Experts are closely watching current levels, expecting further growth of the cryptocurrency.
Factors Driving Bitcoin's Price Increase
Bitcoin recently faced significant downward pressure, but as the price dipped, market sentiment shifted. Support levels such as $85,000 and $90,000 are holding due to traders beginning to accumulate. Potential U.S. policy changes, like the elimination of capital gains tax on crypto proposed by former President Donald Trump, could also serve as a growth catalyst.
Technical Signals and Key Levels
Currently, Bitcoin is testing resistance near $93,000, with forecasts of surpassing $100,000 in the coming weeks. Indicators like the Relative Strength Index (RSI) suggest the asset is overbought. The RSI recently reached 83, echoing levels seen in March 2024, before a major correction.
Given the current market conditions and technical indicators, it is expected that Bitcoin may surpass the psychological level of $100,000, potentially attracting further buyer interest.
