Bitcoin's price recently surged to an all-time high of $93,445 before retreating to $90,000. This price point is important as it aligns with a marked trendline dating back to its twin peaks in 2021, suggesting potential resistance at this level. Monitoring this alignment is crucial for predicting Bitcoin's upcoming price movements.
The correlation between Bitcoin and the NDX/SPX indices could significantly influence Bitcoin's future direction. Analysts and traders should keep a close eye on this relationship to inform their trading decisions and strategies amidst the fluctuating Bitcoin market.
