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Bitcoin Technical Analysis: $90,000 Target Reached, Heading Towards $100,000

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Bitcoin on the way to a newer version

INTRODUCTION

Bitcoin, the undisputed leader of cryptocurrencies, continues to defy expectations. On November 11, 2024, it reached the set target of $90,000 on a weekly chart analysis, marking a crucial milestone for investors and financial analysts. This advance is a testament to the strength of the ongoing bullish trend, fueled by growing investor interest and the resilience of the digital asset market. Now, eyes are on the next target: $100,000. This threshold, positioned on the 1.618 Fibonacci extension, could not only solidify Bitcoin's status but also shake up the global financial market. Let's take a closer look at the technical elements of this analysis, as well as

Detailed technical analysis

  • $90,000 goal reached :

    Bitcoin’s rise to this level is supported by several technical and fundamental factors. After a series of consolidations, Bitcoin finally broke through the $90,000 threshold, confirming the strength of the weekly (weekly) bullish trend. This rise was not only fueled by strong demand, but also by renewed interest from institutional investors. Trend indicators confirm the stability of this rise, with a strong support line that allowed Bitcoin to hold above this level for several trading sessions. This crossing of $90,000 therefore provides a stable base for a move towards new highs.

  • Fibonacci Extension 1.618 and the $100,000 target :
    The next obj

  • Implication for the global financial market :
    Beyond its role as an act

  • The risks and the potential possibility :
    However, although the trend

    Conclusion :

    Bitcoin is on the verge of a historic milestone. Reaching $100,000 would not only be a symbol for the cryptocurrency, but an event that could change the dynamics of traditional financial markets. By breaking this ceiling, Bitcoin could solidify its position as an active safe haven, influencing investment strategies on a global scale. This $100,000 level is therefore one to watch closely, as it marks much more than a simple technical objective: it could be the catalyst for a paradigm shift.

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