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Bitcoin Climbs to $93.5K, Analysts Set Sights on Six Figures

Bitcoin surged to a new all-time high of $93,483, sparking optimism for $100K. Analysts highlight key price resistance levels and forecast further upside, even predicting potential highs of up to $200K.

• Main Points:

  • All-Time High Reached: Bitcoin hit $93.5K following favorable U.S. inflation data.

  • Resistance at $95K: Sell orders near $95K could impact momentum.

  • Bullish Sentiment: Analysts predict $100K+ as early as next week, with some forecasting $200K.

• Detailed Insights:

  • Market Reaction: Bitcoin rose after U.S. CPI met expectations at 2.6%, suggesting no major hurdles for continued growth.

  • Liquidity Blocks: Heavy sell orders at $95K present near-term resistance, but analysts expect a breakthrough.

  • Top/Bottom Index Indicator: Onchained’s proprietary metric shows room for further gains, pointing to $180K–$200K as possible highs.

Related: Bitcoin Faces Key Resistance After Brief $90K Surge

With strong technical indicators and favorable market conditions, Bitcoin’s rally could continue, reaching unprecedented highs in the coming months.

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Bitcoin’s $100K Ambitions Face Resistance Amid Strong Market Optimism

Bitcoin surged to new highs near $90K but is now struggling to maintain momentum. Despite resistance, analysts believe BTC’s rally may continue, with historical patterns suggesting further upside potential.

• Main Points:

  • Resistance at $90K: BTC faces selling pressure and liquidity blocks as it tries to maintain gains.

  • Support Building Needed: Analysts emphasize the need for stable support levels for sustained growth.

  • Historical Comparisons: Patterns from prior bull cycles suggest more room for rallying.

• Detailed Insights:

  • Market Reaction: Following a spike past $90K, BTC briefly dipped back due to resistance, raising doubts about a quick climb to $100K.

  • Analysts’ Take: Experts like Keith Alan note BTC needs stronger support levels to overcome current resistance at $90K.

  • Historical Patterns: Rekt Capital points out that Bitcoin typically sees 4–8 weeks of rallying before any substantial correction in similar bull cycles.

Related: Bitcoin Profit-Taking Remains Moderate as $90K Level Holds

While Bitcoin encounters hurdles at $90K, market sentiment remains positive, and historical data suggests there may still be momentum for a breakthrough toward six figures.

Blackrock Expands USD Digital Liquidity Fund to 5 Blockchains

Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL) will soon be available on Aptos, Arbitrum, Avalanche, Optimism, and Polygon, enhancing access for digital investors and decentralized finance.

• Main Points:

  • Blockchain Expansion: BUIDL extends beyond Ethereum to five new blockchains.

  • Fund Growth: BUIDL is now the largest tokenized fund by assets under management (AUM).

  • Investor Access: New platforms will provide broader access for digital assets and DAOs.

• Detailed Insights:

  • Broader Blockchain Integration: Blackrock’s expansion to Aptos, Arbitrum, Avalanche, Optimism, and Polygon will support more blockchain-based financial products.

  • Scaling Real-World Asset Tokenization: Securitize CEO Carlos Domingo sees this expansion as a step toward scaling asset tokenization, creating efficiencies for investors.

  • Enhanced Digital Engagement: With multiple blockchain ecosystems, BUIDL enables more seamless, native blockchain interactions for a range of financial applications.

Related: Bitcoin Battles to Break $90K—Traders Eye Key Resistance Levels

Blackrock’s move aims to streamline digital finance access, marking a new era of asset tokenization for diverse blockchain networks.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results