The Wolf Of All Streets Bitcoin Hits 90K - Breakout Confirmed! | Crypto Town Hall
9 snips
Apr 22, 2025 AI Snips
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Bitcoin Breakout Signals Bullish Trend
- Bitcoin broke above $88,804, signaling a potentially bullish trend with its first higher high since previous bearish conditions.
- This breakout is supported by increased volume and significant ETF inflows, indicating strong market interest.
Bitcoin Diverges From Tech Stocks
- Bitcoin is diverging from tech stocks like the NASDAQ, showing strength when tech is weak.
- Technical indicators confirm healthy market sentiment, nearing overbought levels but still allowing room for growth.
Bitcoin Buyer Patience Builds Up
- Recent price action shows patient Bitcoin buyers and exhausted sellers without euphoric volume spikes.
- Current Bitcoin gains are orderly, not short squeeze-driven, suggesting a steady uptrend but not an all-clear from risks yet.