#BTC 能否突破90k？ Bitcoin Technical Analysis

Analysts at CryptoPotato indicate that Bitcoin has seen a significant bullish rebound after establishing strong support in the demand zone between $75,000 and $80,000. This upward movement has pushed the price towards the decisive resistance level around $88,000. This level is particularly important as it coincides with the 100-day and 200-day moving averages as well as the previous day’s volatility high for the asset, making it a formidable barrier for the bulls. Given the confluence of various resistance factors, Bitcoin is expected to enter a temporary consolidation phase around this area. However, if the bullish momentum continues and the price breaks strongly above $88,000, the next major target will be the $93,000 area. A successful breakout in this area could initiate an upward trend, potentially nearing the historical high of $109,000.
In the timeframe below, Bitcoin has broken through the upper boundary of the descending channel at (84000 USD ), indicating a shift in bullish market structure. After the breakout, there was a pullback that continued, confirming the validity of the breakout. The asset has now reached a key short-term resistance level of 88000 USD, consistent with the previous significant volatility highs during this period. If the bulls successfully break through this level, the likelihood of a drop towards the 93000 USD resistance level will increase. Conversely, if this resistance level is not broken, it may lead to price consolidation below 88000 USD, followed by further directional volatility.
Recent trends in funding interest rates
Analyzing funding rates can provide valuable insights for predicting the potential future trends of Bitcoin.
During the recent market sell-off, both prices and funding rates have dropped significantly, indicating that speculative activity in the futures market is cooling down. This pattern is reminiscent of the trends from March to September 2024, characterized by continuous consolidation and significant corrections, which ultimately led to a strong bullish rebound.
Today, as financing rates soar again, it indicates that market participants are increasingly establishing aggressive long positions. If this momentum continues, Bitcoin may reclaim the key resistance level of $93,000 and potentially surge towards its all-time high.