RLinda: Bitcoin will reach a historic high of $ 90,000

A popular cryptocurrency analyst known as RLinda has suggested that the flagship crypto asset BTC $65,642.27 Bitcoin -0.19% Market capitalization $1.3 trillion VOL. 24 hours $0.59 billion could reach a new all-time high of $ 90,000. She noted that both fundamental and technical prerequisites support further growth of the bitcoin price. In particular, the market is expecting the launch of spot ETFs on Ethereum ETH $2,671.50 Bridged Ether (StarkGate) -1.11% Market capitalization $0.2 billion VOL. 24 hours $0.37 billion , which could be a positive stimulus for the entire crypto market.

RLinda also pointed out the importance of political factors. She noted that Donald Trump, who has already expressed his support for cryptocurrencies, increases his chances of being re-elected. According to the crypto expert, this could have a positive impact on the market if he wins the election. In addition, other high-ranking US politicians are reconsidering their attitude to the main cryptocurrency, and the US Securities and Exchange Commission (SEC) is gradually changing its position on digital assets in general.

From a technical point of view, RLinda noted that a classic bullish flag is forming on the daily chart of bitcoin. She believes that there is a high probability that bitcoin will retest the strong resistance level of $ 71,700 or even exceed it, reaching its current high of $ 73,794. The expert also pointed out the importance of overcoming resistance levels at $ 67,250 and $ 71,750, while support should remain above $ 63,800 and $ 59,300.