Bitcoin grew by more than 7% per day

Bitcoin BTC $88,600.95 Mezo Wrapped BTC 0.71% Market capitalization $40.28 million VOL. 24 hours $1.25 billion has once again surpassed $ 93,000 after a sharp recovery from previous lows. The growth was supported by institutional demand, changes in exchange-traded funds (ETFs), and positive technical signals, which restored investor confidence despite the overall volatility of the crypto market.

One of the key factors was an unexpected change in policy by Vanguard, which, after several months of restrictions, allowed trading in bitcoin ETFs on its platform. This decision led to more than $ 1 billion in new institutional inflows, which fueled market liquidity. An additional incentive was the SEC’s initiative to consider the use of the FLEX option structure in BlackRock’s Bitcoin ETF, which investors see as a potential tool to attract pension funds and insurance companies.

The technical picture has also improved: bitcoin has confidently broken through the resistance at $ 93,000, which had previously held back growth. The MACD and RSI indicators moved into a bullish phase, confirming the trend change after a wave of sales in late November. Buying volumes have increased sharply, indicating that the market is active and not just short-term position closure.

Bitcoin is currently trading around $ 93,580 with a volatility of 7.5%. The RSI index is in a neutral oversold zone at around 33.49, which leaves room for further growth. At the same time, the price is still below the key moving averages: the 50-day at $ 101,999 and the 200-day at $ 104,240, which are now the next resistance zones.

The return above $ 93,000 was an important psychological and structural signal for the market. If institutional flows remain positive, bitcoin could test higher resistance levels. The current recovery shows that large investors' interest in cryptocurrencies remains, and buyers on downturns are once again playing a leading role in price formation.