Analysts believe that bitcoin could grow significantly in the coming weeks

Santiment analysts suggest that bitcoin may test the $ 90,000 level in the coming weeks. At the end of the week, the market accelerated significantly, and bitcoin reached its highest level in 11 weeks.

The growth was driven by a reduction in tensions in the Middle East, record highs in US stock indices, and a sharp drop in energy prices. Capital is flowing into stocks and major cryptocurrencies, which is pushing the market up.

Most traders expect resistance at $ 84,000, but analysts believe that the market has a good chance of breaking through this mark. If the negotiations on the peace agreement and the passage of the CLARITY Act develop in a positive direction, the quotes may go above $ 90,000.

An interesting detail is that despite the rise in the exchange rate, retail investors remain cautious. On social media, three negative comments outweigh only two positive ones — people are tired of constant news about the war and are skeptical of the latest ceasefire announcements. Paradoxically, this structure of sentiment is traditionally considered a signal in favor of continued growth: when the «crowd» is in doubt, the market often goes up. However, analysts warn that the growth may be short-lived.