Bitcoin / TetherUS
Long
Updated

BTCUSDT Rally: From $85K to $88K+, What's Next

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Today, the price of BTCUSDT has shown a robust upward trend. Bullish forces are extremely active, steadily propelling the price to continuously climb, demonstrating a sharp offensive momentum.

From a technical perspective, upon in - depth analysis, the current price is gradually approaching the crucial resistance range of 89,000 - 90,000.

This range has played a significant role in past price movements. Its breakthrough situation will be a pivotal turning point determining the subsequent price trend.

Once a successful breakthrough occurs, it is highly likely to attract more capital inflows, driving the price to initiate a new round of upward price action.

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Bitcoin rebounded from below $83,000 and briefly broke through $88,000. Currently, its price is stabilizing around $87,000. Many negative factors may have been absorbed by the market.

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