High
Bitcoin is at a crucial decision point, with potential for significant upward movement to $123,500 or a pullback to $86,000. these moves represent substantial percentage changes from the current $90,500 price.
High
The source emphasizes strict editorial policy focusing on accuracy, relevance, and impartiality, created by industry experts, meticulously reviewed, and adhering to the highest standards in reporting.
Neutral
The analyst presents two scenarios: a bullish breakout past $90,500 could lead to $94,800, then $107,300, and potentially $123,500. conversely, rejection could see a drop to $88,000, with further potential to $86,000. the relative strength index (rsi) showing a positive signal after breaking out of an ascending triangle pattern suggests a potential bullish bias, but macroeconomic factors are noted as a significant influence.