DOOKV Bitcoin Aiming for $90,000: Prepare for the Rally!

The crypto world is abuzz with recent analyses suggesting that Bitcoin could target a price of $90,000 on long-term bullish signals. This optimism is fueled by classic indicators predicting an imminent breakout in BTC price.

$90,000 in Sight: Bitcoin Strikes Hard in the Long Term 

Despite a mixed performance in June, Bitcoin remains a solid investment over longer periods. Some analysts argue that BTC’s price action is just a consolidation below all-time highs! that can last several months.

Popular traders have highlighted the relative strength index (RSI) and Bollinger Bands on the weekly chart. They predict an upward squeeze as the next logical step for bitcoin’s price action. A bullish divergence is forming between the price and the RSI, while the Bollinger Bands are tightening, creating the necessary volatility for a significant rise.