Bitcoin Rally To $95K? Market Greed Suggests It’s Possible 📈
Bitcoin's recent surge to $88,500 has ignited speculation of reaching $95,000, amidst growing market greed. However, analysts warn of a possible retreat to $80,000 before any substantial rally. Santiment highlights market greed, cautioning that such sentiment often precedes a price correction.
Bitcoin miners remain optimistic, maintaining substantial reserves and refraining from significant sales, signaling expectations of price growth. Institutional interest grows with substantial ETF inflows, particularly from BlackRock.
Technical analysis suggests a potential short-term decline, with Bitcoin struggling to surpass a resistance trendline, forming a "double top" pattern. If it remains above $86,146, a rebound towards $95,000 is possible.
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