{"id":630897,"date":"2024-07-23T02:00:53","date_gmt":"2024-07-23T02:00:53","guid":{"rendered":"https:\/\/uniquehot.com\/?p=630897"},"modified":"2024-07-22T11:07:14","modified_gmt":"2024-07-22T11:07:14","slug":"bitcoin-all-time-high-90000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-all-time-high-90000\/","title":{"rendered":"Will Bitcoin Reach A New All-Time High? Crypto Analyst Reveals Why $90,000 Is Possible"},"content":{"rendered":"

Crypto analyst RLinda<\/span><\/a> has made a bullish case for Bitcoin, suggesting that the flagship crypto could soon hit a new <\/span>all-time high (ATH)<\/span><\/a>. She also provided reasons why Bitcoin could rise to as high as $90,000.\u00a0<\/span><\/p>\n

Why Bitcoin Could Rise To As High As $90,000<\/h2>\n

RLinda mentioned in a <\/span>post<\/span><\/a> on TradingView that fundamental and technical preconditions support further price growth for Bitcoin, which could send its price to <\/span>as high as $90,000<\/span><\/a>. On the Fundamental side, she noted that the market is waiting for the <\/span>Spot Ethereum ETFs<\/span><\/a> launch, which would be \u201canother positive lever for the cryptocurrency market.\u201d<\/span><\/p>\n

Related Reading: Solana Leads Crypto Rally As Expectations For A Break Above $200 Grow<\/a><\/div>\n
\"Bitcoin
Source: TradingView<\/figcaption><\/figure>\n

Furthermore, RLinda stated that Donald Trump, who already affirmed his <\/span>support for cryptocurrencies<\/span><\/a>, is increasing his chances of being reelected. According to her, the market will react positively if he eventually wins. The crypto analyst highlighted \u201cother local nuances\u201d that could propel Bitcoin to such heights.\u00a0<\/span><\/p>\n

She noted that other high-ranking US politicians are reconsidering their stance on Bitcoin, and the <\/span>US Securities and Exchange Commission (SEC)<\/span><\/a> is also \u201csmoothly changing its position on cryptocurrencies.\u201d This includes SEC Commissioner Hester Peirce\u2019s <\/span>recent statement<\/span><\/a> that the Commission is open to reconsidering the inclusion of staking plans for the Spot Ethereum ETFs.\u00a0<\/span><\/p>\n

BTC From A Technical Perspective<\/h2>\n

On the technical side, RLinda revealed that a classic <\/span>bullish flag pattern<\/span><\/a> is forming on Bitcoin\u2019s daily chart. She further remarked that at the moment, there is a \u201chigh probability\u201d of Bitcoin retesting the strong resistance at $71,700 or even going higher to restest its <\/span>current ATH of $73,794<\/span><\/a>.\u00a0<\/span><\/p>\n

\"Bitcoin
Source: TradingView<\/figcaption><\/figure>\n

She added that only after Bitcoin retests these zones will it become possible for the flagship crypto to \u201cfollow the formation of prerequisites for the breakout of global resistance\u201d at $73,800. RLinda mentioned that <\/span>$67,250 and $71,750<\/span><\/a> are resistance levels that Bitcoin should look to break. Meanwhile, $63,800 and $59,300 are support levels that the flagship must remain above.\u00a0<\/span><\/p>\n

Related Reading: Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?<\/a><\/div>\n

Furthermore, RLinda revealed that Bitcoin\u2019s current price range is favorable for a resistance breakout, which she claimed will \u201copen a new way to the nearest resistance.\u201d In the short term, she expects Bitcoin to break out from the $67,250 resistance level and experience further growth to between $71,700 and $73,800.\u00a0<\/span><\/p>\n

With Bitcoin already retesting the $67,250 resistance level, RLinda provided an update on her trade idea. She highlighted a <\/span>cup-and-handle pattern<\/span><\/a> on Bitcoin\u2019s weekly timeframe. The crypto analyst stated that this bullish pattern is in the last stage of \u201cits formation before realization.\u201d From the chart she shared, this cup-and-handle formation supports a potential price surge to $90,000 for Bitcoin.\u00a0<\/span><\/p>\n

At the time of writing, Bitcoin is trading at around $67,300, up almost 1% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC bulls push for $68,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst RLinda has made a bullish case for Bitcoin, suggesting that the flagship crypto could soon hit a new all-time high (ATH). She also provided reasons why Bitcoin could rise to as high as $90,000.\u00a0 Why Bitcoin Could Rise To As High As $90,000 RLinda mentioned in a post on TradingView that fundamental and technical preconditions support further price growth for Bitcoin, which could send its price to as high as $90,000. On the Fundamental side, she noted that the market is waiting for the Spot Ethereum ETFs launch, which would be \u201canother positive lever for the cryptocurrency market.\u201d Related Reading: Solana Leads Crypto Rally As Expectations For A Break Above $200 Grow Furthermore, RLinda stated that Donald Trump, who already affirmed his support for cryptocurrencies, is increasing his chances of being reelected. According to her, the market will react positively if he eventually wins. The crypto analyst highlighted \u201cother local nuances\u201d that could propel Bitcoin to such heights.\u00a0 She noted that other high-ranking US politicians are reconsidering their stance on Bitcoin, and the US Securities and Exchange Commission (SEC) is also \u201csmoothly changing its position on cryptocurrencies.\u201d This includes SEC Commissioner Hester Peirce\u2019s recent statement that the Commission is open to reconsidering the inclusion of staking plans for the Spot Ethereum ETFs.\u00a0 BTC From A Technical Perspective On the technical side, RLinda revealed that a classic bullish flag pattern is forming on Bitcoin\u2019s daily chart. She further remarked that at the moment, there is a \u201chigh probability\u201d of Bitcoin retesting the strong resistance at $71,700 or even going higher to restest its current ATH of $73,794.\u00a0 She added that only after Bitcoin retests these zones will it become possible for the flagship crypto to \u201cfollow the formation of prerequisites for the breakout of global resistance\u201d at $73,800. RLinda mentioned that $67,250 and $71,750 are resistance levels that Bitcoin should look to break. Meanwhile, $63,800 and $59,300 are support levels that the flagship must remain above.\u00a0 Related Reading: Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses? Furthermore, RLinda revealed that Bitcoin\u2019s current price range is favorable for a resistance breakout, which she claimed will \u201copen a new way to the nearest resistance.\u201d In the short term, she expects Bitcoin to break out from the $67,250 resistance level and experience further growth to between $71,700 and $73,800.\u00a0 With Bitcoin already retesting the $67,250 resistance level, RLinda provided an update on her trade idea. She highlighted a cup-and-handle pattern on Bitcoin\u2019s weekly timeframe. The crypto analyst stated that this bullish pattern is in the last stage of \u201cits formation before realization.\u201d From the chart she shared, this cup-and-handle formation supports a potential price surge to $90,000 for Bitcoin.\u00a0 At the time of writing, Bitcoin is trading at around $67,300, up almost 1% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":630928,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-630897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nWill Bitcoin Reach A New All-Time High? 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Will Bitcoin Reach A New All-Time High? 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