š Bitcoin ($BTC ) ā Poised for New Highs? š¹
1ļøā£ Bullish Momentum
Bitcoin is trading above $91K, holding strong support at $83K and testing resistance at $93K-$100K. Technical indicators like RSI suggest continued upward movementā.
2ļøā£ Institutional Adoption
Growing interest from institutional investors, fueled by Bitcoin ETF approvals, is a major driver. Upcoming Bitcoin ETF options are expected to further boost liquidity and demandā.
3ļøā£ Market Dominance
With dominance rising to 60%, Bitcoin is leading the crypto market, signaling investor confidence in its relative stability amid broader market volatilityā.
š” Outlook: Analysts predict a potential test of $100K in the short term, with highs of $110K possible in early 2025. Bitcoin remains a strong contender for long-term investment as adoption and market dynamics evolve! š
