Bitcoin
$
90,773’s price has exceeded $90,000 today, reaching $90,700, surprising those who expected it to drop to $66,000. While conditions may be ripe for further declines, the leading cryptocurrency has provided the anticipated break amid steady losses. How do cryptocurrency experts interpret this recent surge?
Bitcoin’s Surge
In a statement made today, the U.S. Treasury Secretary mentioned a reduction in tensions with China. Acknowledging the unsustainable nature of the current situation, Bessent conveyed the message that the economy would need to be taken seriously after suffering a significant blow. This shift was reflected in the recovery of the U.S. markets.
While Dogecoin 
$ 0.171129 continues the day with a 7% gain, the majority of altcoins are preparing for Bitcoin’s daily closing price. Pentoshi responded yesterday to comments regarding the recent surge, reaffirming his commitment to his strategy.
“I will sell half of my holdings between $88,000 and $91,000. Theoretically, this price range will be a sticky point for BTC if it shows a downward trend with the current market structure. I will return once I execute my next trade.”
“I am not making many moves right now and am trying to be patient to make the best trades possible. As events unfold, I think there won’t be much to update beyond what I’ve already done.”
Today, he stated;
“I sold half of my BTC. I will likely hold the rest as good long-term buys and will be willing to wait. I’m not sure if I will make more trades this week unless something truly appealing arises.”
If BTC continues to rise, it would be surprising and disappointing for Pentoshi.
Crypto Analysts’ Insights
Analysts have recognized the importance of cautious moves after experiencing months of losses, similar to other market participants. However, at some point, this volatile trading should lead to a larger upward wave. DonAlt shared his updated chart analysis about an hour ago, stating;
“Now at resistance I generally dislike breakouts or breakdowns that are immediately retested. If you notice this, it likely indicates weakness rather than a good setup.”
Nevertheless, DonAlt mentioned that the weekly chart appears to look better. Lastly, RomanTrading advises waiting for the weekly close before acting hastily.
“For now, the price is retesting the previous support as resistance. A breakout above $93,000 would be excellent for the bulls, but I’m not sure if we can achieve that. Let’s wait for the weekly close before making any assumptions or getting excited. We have seen too many fake outs before. Only five days left!”
