Strong upward trend of Bitcoin: Bitcoin has surpassed major resistance levels at 70,000 USD, 85,000 USD, and 99,000 USD, indicating a strong upward trend. EMA indicators reflect this bullish trend, with the 50-day EMA above the 100 and 200-day EMAs. Despite risks, trading volume remains high, showing investor confidence.
Short-term price correction prediction: However, the RSI has reached 82, indicating overbought conditions. Analyst Brandt predicts a potential sell-off as Bitcoin nears 100,000 USD. Many investors may be tempted to sell, leading to price declines. This creates an opportunity for new investors to enter the market.
Optimistic long-term outlook: Regardless of corrections, Bitcoin’s long-term trend remains upward. Figures like Brandt predict Bitcoin could reach 120,000 USD. Other analysts forecast Bitcoin may range from 173,000 USD to 461,000 USD by 2025, reflecting increased interest in Bitcoin.
Impact from potential sell-off: Ali Martinez warns that 1.89 billion USD in BTC could be liquidated if prices hit 100,625 USD. This could increase short-term uncertainty. Although BTC has slightly declined, market sentiment remains positive.