BTCUSD Analysis : A Recovery in Sight Amid Institutional Activity
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Bitcoin (BTC) faced a 7% correction this week, dropping to $90,791 on Tuesday before rebounding to $97,000 by Friday. It remains undervalued, with projections hinting at a rally towards $146,000. Optimism is fueled by institutional interest and Morocco's cryptocurrency legalization.
Key Levels to Watch :
Support :
$90,000 (recent low), $95,500 (interim support)
Resistance :
$100,000 (psychological barrier), $146,000 (long-term target)
Institutional Activity :
Institutional demand remains pivotal, with $558M outflows early this week from ETFs, followed by renewed inflows. Companies like MicroStrategy and Marathon Digital increasing their holdings indicate a positive long-term outlook.
Conclusion :
BTC's recovery hinges on sustained institutional inflows. A breakout above $100K could trigger momentum toward higher targets.
Pro Tip :
Accumulate BTC on pullbacks near $90,000 and monitor institutional trends for informed entry points. Manage risks with stop-losses near support zones.
