Bitcoin, the big-daddy of digital assets, went nuclear today, ripping past $90,000 like it’s nothing. Some say it’s the Trump win lighting the fire.
Institutional FOMO Spree
Yeah, U.S. election shockwaves hit hard, pumping BTC from a chill $75,000 up past $90K in what can only be called a FOMO-fueled bull stampede. When did this happen? Right after a legion of institutional whales waded in, thanks to the U.S. SEC handing out those juicy spot bitcoin ETFs like candy.
It’s been piling on since the year’s start, with deep-pocketed hedge bros scooping BTC left and right, almost like it’s going outta style. The ETF blessing kinda crowned bitcoin as the new “it” asset, finally getting some mainstream cred. So, here comes the buying pressure, pumping BTC even as retail stragglers rush in to grab what they can. But not everyone’s partying: the daily charts are whispering a bit of caution.
Check it—the RSI shows up at 84, skating close to that “overcooked” zone. Then there’s CCI, tagging 220—kinda like the chart saying, “Cool your jets, bulls.” But don’t think the market’s lost its steam. MACD’s still humming with buy vibes, and momentum? Strong as ever. $100K is within spitting distance, though some players expect a pullback.
BTC’s blasting through boundaries, cementing itself as an unshakable digital relic for the long haul. Institutions get it; now, retail’s piling in too. But yeah, buckle up—this rocket’s ride ain’t smooth.
Leave a Reply
You must be logged in to post a comment.