Dive deeper into the influence of BTC-spot ETF market flows on price action. Follow our analysis and forecasts to manage crypto-related risks.
Bitcoin (BTC) price signals remain bullish after pulling back on Saturday. BTC sits well above the 50-day and 200-day Exponential Moving Averages (EMA). Breaking above November 22’s high of $99,318 could allow the bulls to target $100,000. A breakout from $100,000 may signal a move toward $120,000.
Investors should monitor trends in US BTC-spot ETF market-related news and updates on the SEC leadership race. Conversely, a drop below $95,000 may bring the $90,000 mark into play. A fall through $90,000 could signal a fall toward $87,500. With a 66.09 14-day RSI reading, BTC could return to its all-time high of $99,318 before entering overbought territory (RSI > 70).
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