Bitcoin maintains its position around 98,000 dollars at the opening of Wall Street this February 6, while analysts carefully scrutinize the technical indicators to anticipate the next market management.
Bitcoin is experiencing high demand at $ 98,000
Bitcoin maintains its stable position on the Spot market around $ 98,000, just under the symbolic bar of $ 100,000. Cointelegraph Markets Pro data show a significant bonus on the Spot market compared to derivatives, a sign of a strong interest from direct buyers.
This solidity is mainly explained by two factors: the launch of Bitcoin Spot ETF and massive business purchases like Microstrategy, which now holds more than 218,000 BTC. According to analyst Daan Crypto Trades, this flow to institutional hands could lead to a rarefaction of the offer, promoting a new bullish impulse.
The popular trader Jelle remains confident on X: ” Our goal is clear: $ 100,000. The course consolidates at the median level of the fork. Once this level has passed, we will target $ 110,000. ” This analysis joins the consensus of professionals who anticipate new increases.
Promising technical signals despite geopolitical risks
Technical analysis reveals promising signals, particularly at the level of the relative force index (RSI). Rekt Capital, recognized analyst, underlines The formation of a narrowing channel on the daily RSI, suggesting a potential upcoming upper break.
However, QCP Capital adopts a more cautious position, warning against geopolitical risks, including trade tensions between the United States and China. The trading company notes that the absence of new catalysts specific to the Crypto market could make bitcoin vulnerable to negative price shocks.
Faced with these uncertainties, experts recommend a cautious management of positions, especially after the major liquidations observed recently. Nevertheless, the resilience of bitcoin above 90,000 dollars testifies to the solidity of the current upward trend.
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