Bitcoin’s flirting with freedom after a 10-week downtrend, and traders are eyeing $90K BTC like it’s the first sip of bull market espresso. Key levels are being tested, TA indicators are perking up, and ETF inflows are making bears nervous. We’re not calling the top (yet), but if this breakout holds, the rocket boosters are loaded.
After nearly three months of trudging through sideways chop like a hungover crab, Bitcoin might—might—be ready to break its 10-week losing streak. According to Cointelegraph, bulls are now eyeing the big leagues: $90K BTC.
You can practically hear the degenerates dusting off their “Up Only” memes.
Let’s Talk Technicals (Without Putting You to Sleep)
BTC just hit:
• A multi-week trendline resistance
• A key horizontal support flip
• And it’s grinding against the $71K level, which has been acting like Gandalf screaming “YOU SHALL NOT PASS”
Now, here’s where it gets spicy:
• The Relative Strength Index (RSI) is waking up from its nap, showing bullish divergence
• Volume is ticking up—always a good sign that buyers are peeking back in
• BTC is attempting to close above its 21-day EMA, which historically signals bullish continuation
Basically, it’s like watching a bear slowly realize it’s not winter anymore.
Let’s Talk Technicals (Without Putting You to Sleep)
BTC just hit:
• A multi-week trendline resistance
• A key horizontal support flip
• And it’s grinding against the $71K level, which has been acting like Gandalf screaming “YOU SHALL NOT PASS”
Now, here’s where it gets spicy:
• The Relative Strength Index (RSI) is waking up from its nap, showing bullish divergence
• Volume is ticking up—always a good sign that buyers are peeking back in
• BTC is attempting to close above its 21-day EMA, which historically signals bullish continuation
Basically, it’s like watching a bear slowly realize it’s not winter anymore.
ETF Inflows Are No Joke—The Institutions Are Here
You can only meme “number go up” so many times before Larry Fink walks in and drops $250 million into spot BTC ETFs like it’s pocket change.
According to CoinShares, we’ve seen:
• 7 straight weeks of net inflows into Bitcoin ETFs
• Over $1.8 billion flowing in just this quarter
• BlackRock’s ETF is now one of the fastest-growing in history
Retail may be sleeping, but the suits? They’re quietly stacking like it’s 2013 again—except this time, it’s legal.
Key Price Targets (aka The Magic Numbers)
If BTC breaks and holds above $71K:
• Next short-term resistance: $74K
• Break that? You’re looking at $80K–$85K
• And if the market goes full send: $90K BTC is back on the table
On the flip side:
• If BTC gets rejected hard and dips below $68K, we could revisit $63K–$65K range for a pit stop.
So yeah—this is a “candle-watch weekend” if there ever was one.
Final Thoughts: Don’t FOMO, But Do Pay Attention
Look, no one knows for sure if BTC is going to the moon this month. But what we do know is this:
• The macro environment (ETFs, dollar weakness, rate cuts whispering in the wind) is bullish
• The technicals are lining up like bowling pins
• And market sentiment is shifting from crab-walk to cautious optimism
If you’re already in, congrats. If you’re sidelined, maybe don’t ape in—but keep your eyes on that breakout.
Because if this trend flips, $90K BTC might stop being a meme and start being a reality.
Written by: The Crypto Chronicle Team
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