$BTC Bitcoin pushed higher over the past day, climbing 1.95 percent to 91,347 as a clean technical breakout met renewed institutional interest. Price finally cleared the heavy 90,000 barrier, backed by a positive MACD shift and an RSI recovery from oversold conditions. Subtle signals from Saylor’s team lifted confidence, and a hefty 316 million in liquidations, mostly long positions, flushed out excess leverage just in time for the move.
Spot ETF inflows of 71.4 million snapped a weeks-long outflow streak, easing pressure on the market and giving buyers room to step back in. On the chart, Bitcoin broke its descending trend and is holding above the 100-hour SMA and the crucial 61.8 percent retracement around 87,800. Staying above 91,650 keeps the door open for 93,000, while losing 90,000 exposes the same 87,800 zone again.
Institutional weight remains strong. Saylor’s firm, holding 11.7 billion in Bitcoin, continues to set the tone, and traders are watching for an SEC notice expected next week. The derivatives reset has lowered systemic risk for now, with funding rates stable, but another slip below 90,000 can quickly reignite forced selling.
Overall, Bitcoin looks resilient after weeks of pressure. Technicals have improved, inflows have returned, and leverage has been cleared, even though the asset is still down over 11 percent in thirty days. The next major catalyst is the December 10 FOMC. Holding above 93,000 could shift momentum toward the 200-day average near 109,000, while weakness under 90,000 targets 86,500.
Saylor’s upcoming appearance at Binance Blockchain Week has added another layer of anticipation. Stay ready.
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