Bitcoin Analyst RLinda Predicts Price Surge to $90,000: Here’s Why
Crypto analyst RLinda has made a bold prediction for Bitcoin, suggesting that the leading cryptocurrency could soon reach a new all-time high of $90,000. In a recent post on TradingView, RLinda outlined both fundamental and technical factors that could drive Bitcoin’s price to such heights.
From a fundamental perspective, RLinda pointed to the anticipation surrounding the launch of Spot Ethereum ETFs as a positive catalyst for the cryptocurrency market. Additionally, she highlighted the potential impact of Donald Trump’s support for cryptocurrencies on the market, especially if he is reelected. RLinda also mentioned other local factors that could contribute to Bitcoin’s upward momentum, such as changing attitudes towards cryptocurrencies among high-ranking US politicians and the evolving stance of the US Securities and Exchange Commission (SEC) on digital assets.
On the technical side, RLinda identified a bullish flag pattern forming on Bitcoin’s daily chart, indicating a potential retest of the $71,700 resistance level and even a push towards the current all-time high of $73,794. She emphasized the importance of breaking through key resistance levels at $67,250 and $71,750, while also maintaining support above $63,800 and $59,300.
Looking ahead, RLinda suggested that Bitcoin’s current price range is conducive to a breakout, with a potential move towards the $71,700 to $73,800 range in the short term. She also highlighted a cup-and-handle pattern on Bitcoin’s weekly timeframe, signaling a potential price surge to $90,000 in the near future.
At the time of writing, Bitcoin is trading around $67,300, showing a nearly 1% increase in the last 24 hours according to CoinMarketCap data. With RLinda’s bullish case for Bitcoin and the positive momentum in the market, all eyes will be on whether Bitcoin can indeed reach new heights and potentially hit $90,000 in the coming days.
