What’s your opinion, do you think it will pass above the current resistance zone of $95,000 in a few days or not ?
Bitcoin going above $95,000 will depend on certain political and economic factors. An end to the war in Ukraine and other conflicts in the Middle East will be good for the market. Also, a nuclear deal between Iran and the US will reduce global political instability.
Economically, an end to the tariff war between the US and other nations will help stabilize the global economy. The reduction of interest rates by the FEDs will also contribute to the Bitcoin price increase. Investors might start investing outside safe haven assets if interest rate is reduced.
Other unforeseen circumstances could lead to an increase or decrease in Bitcoin price.
Indeed, market movements are almost entirely dependent on economic and political conditions, and all of which are beyond our control. Therefore, it is pointless to make predictions based only on our expectations and ignore the factors that actually determine the direction of the market.
How can Bitcoin continue to grow and surpass $100,000 if the tariff war suddenly escalates, war news hits the market...? Bitcoin will not increase just because of our expectations.