Crypto analyst RLinda has recently made a strong case for Bitcoin, suggesting that the flagship cryptocurrency could soon reach a new all-time high (ATH) of $90,000. She pointed out several fundamental factors that could support this potential surge in Bitcoin’s price. RLinda mentioned that the market is eagerly anticipating the launch of Spot Ethereum ETFs, which could have a positive impact on the overall cryptocurrency market. Additionally, she highlighted the support for cryptocurrencies from prominent figures like Donald Trump, which could further boost the market sentiment if he is reelected. RLinda also noted that there are other local nuances, such as changing attitudes of US politicians and regulatory bodies like the SEC, that could contribute to Bitcoin’s upward trajectory.
Apart from the fundamental factors, RLinda also provided technical analysis to support her bullish outlook on Bitcoin. She identified a classic bullish flag pattern forming on Bitcoin’s daily chart, indicating a potential price breakout in the near future. She mentioned that there is a high probability of Bitcoin retesting the strong resistance levels at $71,700 and potentially surpassing its current ATH of $73,794. RLinda emphasized that breaking through resistance levels at $67,250 and $71,750 is crucial for Bitcoin’s upward momentum, while also maintaining support levels at $63,800 and $59,300.
In the short term, RLinda expects Bitcoin to break out from the $67,250 resistance level and continue its upward trajectory towards $71,700 and $73,800. She highlighted the favorable price range for a resistance breakout, which could lead Bitcoin to new highs in the near future. With Bitcoin already testing the $67,250 resistance level, RLinda’s analysis suggests that a cup-and-handle pattern on Bitcoin’s weekly timeframe could further support the bullish case for the flagship cryptocurrency.
Overall, RLinda’s analysis provides a comprehensive overview of the factors driving Bitcoin’s potential rise to $90,000. By considering both fundamental and technical aspects, she presents a convincing argument for investors and traders to be optimistic about Bitcoin’s future price movements.
Leave a Reply