04-24 01:38 Thursday
Bitcoin breaks through $90,000 and sparks heated discussions in the market
Bitcoin’s recent breakthrough of $90,000 has caused heated discussion in the market, mainly because investors’ re-evaluation of it as a safe-haven asset. As global economic uncertainty intensifies, especially geopolitical risks and concerns about currency depreciation, investors are beginning to see Bitcoin as a non-sovereign storage of value. According to Bernstein's analysis, Bitcoin's current price performance is excellent, showing a trend of decoupling from the traditional market, which greatly increases the attractiveness of Bitcoin. In addition, there has been a strong "fear of missing out" (FOMO) sentiment in the market, and new funds continue to pour in, driving the price of Bitcoin to rise. However, there are also differences in the market. On the one hand, some traders expect Bitcoin to continue to surge to the range of $100,000 to $110,000; on the other hand, some analysts warn that the current rise may be too radical, and it is not surprising that the pullback to $88,000 is not surprising. In particular, the $97,000 resistance level may attract many investors to choose to take profits, thereby increasing the risk of a pullback. In terms of future trends, if Bitcoin can stabilize at the current price and break through key resistance levels, it may further attract more investors' attention and drive the price toward new highs. On the contrary, if market sentiment turns to caution, it may lead to a price correction. Therefore, investors should remain vigilant in the current market environment, allocate assets reasonably, and respond cautiously to potential market fluctuations.
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