🟡Bitcoin has finally broken out of a prolonged stagnation phase, climbing above the psychological threshold of $90,000 and showing confident growth amid improving investor sentiment. The surge in bullish expectations on social media echoes the mood during the U.S. elections in November 2024. However, excessive greed in the market could signal a local peak if traders begin locking in profits.
🟡From a macroeconomic perspective, Bitcoin is showing signs of recovery: the profit/loss (P/L) ratio is approaching the neutral level of 1.0, which could be an important indicator for continued growth. Currently trading around $94,400, BTC is nearing resistance at $95,761. A breakout above this zone could pave the way to $100,000, but a drop below $93,625 would increase the risk of a decline to $91,521 or even $89,800 — potentially slowing the recovery.