Bitcoin Uptrend Analysis: Multiple Positive Supports, Upward Resilience Highlighted
Since 2025, the uptrend of Bitcoin has shown strong resilience. Although it has oscillated around the $85,000-$90,000 range in the short term, the long-term upward logic is clear. The core driving force behind this trend comes from the continuous influx of institutional funds, with giants like American banks and Vanguard opening compliant Bitcoin exposures. The trend of listed companies 'stockpiling Bitcoin' has formed a self-reinforcing demand cycle, with the number of publicly traded companies holding Bitcoin increasing to 124, totaling over 816,000 coins.
From a technical perspective, Bitcoin quickly rebounded after testing the critical support at $85,000. The ascending triangle bullish structure remains intact, with the 100-week moving average providing solid support. Despite facing psychological resistance at $90,000 in the short term, the continuous net inflow of funds into spot products, combined with the fear and greed index moving away from the 'extreme fear' zone, is building momentum for a subsequent breakthrough. In the long run, the properties of scarcity and the trend of institutional transformation will continue to support Bitcoin's upward trajectory.