Bitcoin price increased by 4 % on Wednesday, as it reached a peak for 10 days. This gathering follows three consecutive days of large Bitcoin ETF flows, with a total of $ 512 million. Since BTC crawls the decisive resistance level of $ 90,000, investors closely monitor the impact of the Federal Reserve Policy decision on global markets.
Bitcoin price (BTC) reaches a peak of 10 days on the decision of the Federal Reserve Average
Bitcoin (BTC) increased by 4 % on Wednesday, reaching the highest level in 10 days of 85,900 dollars, such as the American Federal Reserve decision to stop the high interest rates with investor expectations.
This upscale momentum follows three consecutive days of strong institutional flows in the Bitcoin investment funds, which total $ 512 million. With the BTC price, which faces critical resistance at $ 90,000, market participants closely monitor to see whether institutional demand and macroeconomic conditions will lead to more gains in the upcoming commercial sessions.
ETF flows rose $ 512 million before the Federal Reserve Average decision
Since its introduction, Bitcoin’s investment funds have become a major measure of institutional feeling in the cryptocurrency market. After 3 weeks of sale, the investment funds traded in Bitcoin have recovered positive flows during the past three commercial days, according to Sosovalue Data
On Tuesday alone, the investment funds traded in Bitcoin $ 209 million in flows, which represents one of the strongest demand periods in weeks. Money accumulated more than $ 512 million of bitcoin purchases, which confirms the strong demand from investors from companies and institutions.
Historically, such continuous flows have often preceded a major collapse in prices, indicating that institutional investors swelled the short -term price prospects issued by BTC, as markets were 99 % of the stop rate at the beginning of the week.
BTC faces major resistance at $ 90,000 amid short pressure
Despite its recent gains, the price of bitcoin shows more bullish capabilities. According to Coinglass derivatives, more than $ 290 million of BTC short positions were closed near the level of $ 85,000.
Short merchants, who benefit when prices, are making recent efforts to defend their sites and avoid a wave of forced liquidation.
However, filtering temperature maps indicate that the BTC qualifiers are short at $ 85,000 may be weakening the neighboring resistance areas. If Bitcoin maintains momentum and exceeds $ 90,000, this may lead to a successive effect, forcing more sellers about to cover their positions and increase the price.
The Federal Reserve rate in the United States has stopped
The Federal Reserve decision to maintain interest rates at the current levels has provided additional support for the Bitcoin crowd. The temporary suspension of high prices indicates a more absorbing position towards financial markets, which usually benefits risk assets such as cryptocurrencies.
Low interest rates makes traditional savings and fixed -income investments less attractive, pushing investors to search for higher returns in alternative assets such as bitcoin. If the founding investors interpret the position of the Federal Reserve as a green light for the continuous bitcoin accumulation, the ETF flows may remain strong, which enhances the bullish view.
Bitcoin price expectations: a path to 90 thousand dollars and beyond?
With the increasing ETF flows and the remaining favorable macroeconomic conditions, the bitcoin price expectations appear to be in a good position to continue the upward trend. However, to keep its bullish momentum, BTC must overcome the main resistance levels:
- 90,000 dollars The main psychological level that can lead to a new wave of purchase or profit.
- 92,500 dollars – The next upward goal if BTC penetrates 90 thousand dollars.
On the negative side, strong support levels include:
- 85,000 dollars – Main level where the short qualifiers have already been operated.
- 82,500 dollars A possible re -test area if BTC faces rejection of $ 90,000.
The continuous BTC prices are provided with strong institutional demand and the favorable macroeconomic rear of the economy. With 512 million dollars in ETF flows and sellers exposed under pressure, the BTC path appears to 90,000 dollars increasingly applicable. However, the penetration of this critical resistance will be a key to determining whether Bitcoin can extend its collection towards its highest levels ever.
Related questions (common questions)
The recent price increase in Bitcoin feeds strong ETF flows, institutional demand, and macroeconomic factors such as the Federal Reserve Stopping.
The level of 90,000 dollars is a large psychological and technical barrier, as large short situations can lead to short pressure or decline.
Bitcoin’s investment funds allow institutional investors to be exposed to BTC, and large flows often push prices due to increased market confidence.
Ibrahim
The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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