Crypto analyst RLinda thinks Bitcoin is about to make a big move. She’s predicting it could hit a new all-time high, maybe even reaching $90,000!
Why $90,000?
RLinda sees a lot of reasons for Bitcoin to rise. Here’s the breakdown:
- Spot Ethereum ETFs: The market is waiting for these to launch, which RLinda believes will be a big boost for crypto.
- Trump’s Return: RLinda thinks Donald Trump’s potential return to the White House could be good news for crypto. He’s already shown support for it.
- Changing US Politics:
More US politicians are becoming more open to Bitcoin. Even the SEC is starting to change its tune. - Technical Signs: Bitcoin’s chart is looking pretty good. RLinda sees a classic bullish flag pattern, which suggests a breakout is coming.
Bitcoin’s Technical Outlook
RLinda says Bitcoin needs to break through some resistance levels:
- Resistance:
$67,250, $71,750, and $73,800 - Support: $63,800 and $59,300
She thinks Bitcoin will soon break through the $67,250 level and could even reach $73,800.
The Big Picture: A Cup-and-Handle
RLinda sees a cup-and-handle pattern on Bitcoin’s weekly chart. This is a very bullish signal, and she thinks it could lead to a price surge to $90,000.
Bitcoin’s Current Price
At the time of writing, Bitcoin is trading around $67,300, up slightly in the last 24 hours. It’s already testing that $67,250 resistance level, so things are getting interesting!
