Crypto Blog
Bitcoin has surged to a new all-time high, approaching the $90K threshold in an impulsive rally. The combination of another Federal Reserve rate cut and President Trump’s re-election has fostered a risk-on sentiment in the markets, driving demand for risk assets like Bitcoin.
On the other hand, the 100-day MA has crossed above the 200-day MA, marking a Golden Cross. This technical indicator signals bullish dominance, sparking FOMO among participants who are rushing to accumulate Bitcoin. The price recently saw a strong rebound from the channel’s lower boundary near $70K, fueling the push to the new ATH of $90K.
Although the current uptrend is strong, caution is advised against FOMO. The market often offers multiple opportunities for strategic entries, and a healthy correction would provide a more sustainable foundation for future gains.Bitcoin’s recent surge to a new all-time high of $90K has prompted many market participants to take profits, with miners notably contributing to the selling pressure.
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