Cryptocurrency analyst RLinda has recently made a bold prediction regarding the future of Bitcoin, suggesting that the flagship cryptocurrency could soon reach a new all-time high of $90,000. This bullish sentiment is based on a combination of fundamental and technical factors that RLinda believes will drive Bitcoin’s price to new heights.
One of the key factors highlighted by RLinda is the anticipation of the launch of Spot Ethereum ETFs, which is expected to have a positive impact on the overall cryptocurrency market. In addition, RLinda pointed out that the support for cryptocurrencies by prominent figures such as Donald Trump could further boost Bitcoin’s price. The analyst also mentioned other local developments that could contribute to Bitcoin’s upward momentum.
On the technical side, RLinda identified a classic bullish flag pattern forming on Bitcoin’s daily chart. This pattern suggests a potential breakout towards the strong resistance level at $71,700, and possibly even a retest of the current all-time high at $73,794. Furthermore, RLinda outlined key resistance levels that Bitcoin needs to surpass in order to continue its upward trajectory.
According to RLinda, Bitcoin is currently positioned favorably for a resistance breakout, which could pave the way for further price appreciation. In the short term, the analyst expects Bitcoin to break through the $67,250 resistance level and target levels between $71,700 and $73,800. This optimistic outlook is supported by the development of a cup-and-handle pattern on Bitcoin’s weekly timeframe, indicating a potential breakout in the near future.
RLinda’s bullish case for Bitcoin reaching $90,000 is based on a combination of fundamental developments and technical analysis. The anticipated launch of Spot Ethereum ETFs, along with growing support for cryptocurrencies from influential figures, could provide the catalyst for Bitcoin’s price to surge to new highs. With a bullish flag pattern forming on the daily chart and key resistance levels in sight, Bitcoin’s future trajectory looks promising according to RLinda’s analysis.
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