BTC approaches the resistance zone while analysts warn of a possible setback to USD 76,600

• The key resistance zone is between $ 86,549 and $ 88,244.
• Microstrategy buys 6,556 BTC for a value of 555.8 million dollars.
• $ 90,000 is considered a psychological and technical barrier.

Bitcoin has come up again to about $ 89,000, approaching its historical maximum and preparing the stage for what could be a significant breakup.

According to cryptocurrency analyst Michael Van de Poppe the cryptocurrency is now approaching a crucial resistance band between $ 86,549 and $ 88,244.

Historically, this level has been difficult to overcome, which often leads to temporary corrections.

However, the current feeling of the market, combined with macroeconomic signals as a possible agreement between the United States and China, is feeding speculation about a new rebound beyond the $ 90,000.

In a Tweet published earlier this month, Van de Poppe shared a technical chart that highlights the Bitcoin rebound and its current position near a level of historical resistance.

He suggested that Bitcoin could first fall to try back the support at $ 80,982 before making another breakdown attempt.

A new fall at $ 76,604 is also possible if the current support is not maintained, which would mark a new test of an anterior support level that could now act as resistance.

Bitcoin wins 1.5% thanks to the accumulation of whales driving feeling

Bitcoin increase above $ 88,500 has been helped by a strong accumulation of institutional actors.

It should be noted that the US corporate shareholder. UU. Microstrategy recently acquired 6,556 BTC for a total cost of around $ 555.8 million.

The purchase occurs in the midst of a growing interest in Bitcoin as coverage against inflation and geopolitical risks, and seems to have given the market a impulse of trust.

According to Coinmarketcap, Bitcoin won 1.5% in the last 24 hours, which adds to its weekly gain of 4.7%.

The increase has also raised the general capitalization of the cryptocurrency market to more than 2.7 billion dollars.

Fountain: Coinmarketcap

Van de Poppe said that, despite approaching the territory of overcompra, the market can continue to be upward if Bitcoin is consolidated above the $ 88,000.

A sustained rise above $ 90,000 could open a movement towards new maximums, while if the support is not maintained around $ 80,000, prices could fall.

Analyst warns of recoil at $ 76,604 if the support fails

Technical indicators show that Bitcoin’s RSI is approaching critical levels, suggesting that temporary correction could occur.

Even so, many traders are considering the resistance level of $ 90,000 as the next important milestone.

If Bitcoin manages to reach $ 90,000 as support, he could mark a psychological and technical advance.

Historically, this type of pattern has led to a rapid price discovery.

However, if the impulse fades, cryptocurrency can have difficulty maintaining profits and visit lower support areas.

Van de Poppe said that a correction at $ 76,604 would still be within healthy limits and could act as a springboard for a future rebound.

The price level was previously a key support and remains one to take into account in the short term.

Macro trends could support Bitcoin’s impulse

In the macroeconomic front, Van de Poppe hinted at the potential impact of global events.

In particular, the signs of de -escalated between the United States and China could reduce market anxiety, which would cause a greater appetite due to the risk among investors.

The geopolitical calm, combined with the institutional accumulation and favorable regulatory signals, can prepare the scenario for Bitcoin to finally exceed their superior resistance.

However, short -term volatility should not be ruled out, especially because the asset remains close to historically reactive areas.

As of April 14, Bitcoin quote just above $ 88,606.

Now all eyes are put in itself the largest cryptocurrency in the world can consolidate their profits and exceed $ 90,000 in the next sessions.