Bitcoin strikes 90 thousand dollars: Will the BTC price bounce to 100 thousand dollars?
By extending the recovery overnight, Bitcoin is trading at the market price of $ 89,817. During the past 24 hours, the BTC price reached an increase of 90,623 dollars. This represents a large recovery at the lowest level of 7 days at 78,197 dollars.
However, the massive fluctuations also created the highest level in 7 days at 95152 dollars. The recovery is running in BTC PRICE a possible return to $ 94,000.
The reflection in Bitcoin prices aims 50d EMA
In the daily graph, the BTC price is offered the bullish curtain on the EMA line for 200 days. This results in the morning star style with the rejection of the low price that leads the march.
Since the BTC price fluctuates near the $ 90,000 sign, the restaurant operation offers an increase in the purchase of pressure. Thus, the momentum index reflects the MACD lines and the signal lines is about to give a positive intersection.
Moreover, the morning star style consisting in Bitcoin is located near the level of dynamic support. This increases the chances of bullish return in BTC prices.
However, the prevailing fall displays the EMA line for 100 days as an immediate resistance near 92,964 dollars.
The analyst points to an emerging step forward
Titan of Crypto highlights the possibility of a large crowd in BTC prices. According to his analysis of Ichimoku, low price rejection in the weekly candles is highlighted the BTC price that gets support in the Kijun line.
#Bitcoin Get the momentum 🚀#BTC Kijun 🔵 🔵 was working as support on the weekly graph.
A weekly closure above Tenkan 🔴 at about 94000 will confirm a shift in momentum and enhance the upscale issue. pic.twitter.com/wckrmbgtw
– Titan of Crypto (Washigorira) March 5, 2025
Kijun line works as a weekly support for BTC. The current bottom expulsion of prices is hinting at a possible weekly closure in Bitcoin above the Tenkan line at a mark of $ 94,000.
This will indicate a transformation in the momentum in Bitcoin and increases the chances of the highest new level ever.
Maintaining investment funds circulating in the flowing situation
The US Bitcoin spot ETFS On March 3, an external flow of 143.43 million dollars witnessed. Grayscale recorded a flow of $ 35.79 million. However, the six investment funds traded in Bitcoin recorded a net flow between $ 13 million to $ 46 million.
Meanwhile, five boxes have maintained the traded investment funds, including Blackrock, a zero net flow. This is the second day of the external flow in a row in the Bitcoin investment funds, exceeding a total of $ 200 million.
Will the bitcoin price reach 100 thousand dollars?
According to the BTC price analysis, it is likely that the run -off operation in Bitcoin will be followed if the market remains stable. However, with continuous tariff wars and instability of the global market, the BTC price is likely to be volatile.
However, the horizontal levels are at $ 99,514 and $ 106,000 The supply area is still decisive. On the other hand, psychological support of $ 80,000 remains the main demand level.
