🚨 Bitcoin in Danger Zone or Just Preparing for the Leap? 90K at Stake! 🤯
Bitcoin ($BTC /$USDT ) recorded a modest decrease of 0.12% in the last 24 hours, consolidating. The current price is $90,122.99, dangerously flirting with the $90,000 mark!
What is holding Bitcoin? Two opposing forces are at play:
🚀 Positives: Big Money is Coming!
Institutional Resurgence: The Bitcoin Spot ETFs listed in the US had a net inflow of $237.44 million, indicating a resurgence of interest from major investors.
Corporate Accumulation: MicroStrategy continues its Bitcoin accumulation strategy, demonstrating strong underlying demand.
🛑 Negatives: Caution and Lack of Momentum!
Macro Caution: The Federal Reserve's cautious outlook on interest rate cuts, along with geopolitical tensions, is contributing to market consolidation.
Technical Indicators: The MACD (-1.70) and the RSI (56.08) on the chart – and other technical indicators – suggest a current lack of buying momentum.
Bitcoin is caught between the power of institutional capital and macroeconomic caution. The battle for $90K is intense!
❓ Engagement Question: Do you think MicroStrategy's accumulation and the ETF inflows are strong enough to push BTC above $91,000 this weekend, or will the Fed's caution cause the price to drop? Leave your guess and why in the comments! 👇
