Bitcoin soars to a new record high, surpassing 92K

Bitcoin’s rally continues to gain momentum, surging further after a brief pause on Tuesday, marked by a long-legged Doji candlestick, and reaching a new record high by breaking through the 92K mark.

Bullish sentiment remains strong, fueled by post-Trump election optimism and Bitcoin’s alignment with a rising U.S. dollar, as recent inflation data reinforced expectations for fewer Fed rate cuts in 2025 than initially anticipated.

A first daily close above 90K would signal further bullish momentum, and an additional two-figure advance above this level could bring Bitcoin closer to the coveted 100K target.

The daily technical outlook shows overbought indicators, yet bulls remain undeterred, though minor corrective dips may emerge in upcoming sessions. Bulls are likely to maintain strong control under these favorable conditions, but resistance and profit-taking pressures could intensify as Bitcoin approaches the 100K zone.

Res: 93016; 95029; 98940; 10000
Sup: 91000; 90000; 86282; 85132