Bitcoin Price Eyes $90K as Daily 21 MA Keeps Uptrend Intact
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Bitcoin trading near $80K and holding above the daily 21‑MA, signaling potential upside toward $90K if the 21‑MA stays beneath price; analyst warns fast rallies can trigger sharp corrections. Only 7.7% of Bitcoin’s 5,776 trading days are unprofitable; BTC is ~35.65% below its $124,723 ATH but most historical buyers remain in profit, indicating market resilience and adoption. Continued Bitcoin strength may allow select altcoins to outperform; monitor crypto technical indicators, market risk, and correction potential.
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- Analyst Michaël van de Poppe said Bitcoin has more upside while the daily 21-MA stays below the price
- Analyst More Crypto Online said only 7.7% of Bitcoin’s 5,776 trading days are now unprofitable.
- Bitcoin remains 35.65% below its $124,723 ATH, yet most historical buyers remain in profit.
Bitcoin’s rally is holding above a key short-term trend line as traders watch whether the move can stretch toward the $90K region. Michaël van de Poppe said BTC still has room to advance while the daily 21-MA remains beneath the current price.
The move also matters for altcoins. Van de Poppe said continued Bitcoin strength could give selected altcoins more room to outperform, although he warned that corrections can still erase gains quickly after fast rallies.
Bitcoin Holds Above Daily 21 MA
Michaël van de Poppe’s chart showed Bitcoin trading near the $80K area afte…
Read The Full Article Bitcoin Price Eyes $90K as Daily 21 MA Keeps Uptrend Intact On Coin Edition.
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$ 0.00447
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In This News
Coins
$ 64.13K
+0.08%$ 0.00447
+1.58%$ 0.00447
+1.72%Predictions Markets
See what traders are focused on
Share:
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