Expert Predicts Bitcoin Could Reach $90K in September
Expert Predicts Bitcoin Could Reach $90,000 by September
Following its break above $78,000, Bitcoin could potentially reach the $84,000-$90,000 range in September under a favorable scenario, according to Kirill Komalenkov, Director of Strategic Communications at Bitbanker. A return to $100,000 is also possible but would require sustained capital inflows and softer US monetary policy expectations.
The breakout above $78,000, a key technical level marking an exit from a multi-week trading range, was initially driven by the US Treasury's decision to significantly increase purchases of long-term bonds, seen by the market as reducing yield pressure and adding liquidity to risk assets. Institutional demand provided additional support, with US spot Bitcoin ETFs receiving $517 million in net inflows on August 19, the highest in over three months. A more positive regulatory environment following discussions at the White House and former President Trump's push for the Clarity Act also contributed.
The rally was accelerated by one of the largest short squeezes in crypto market history over a two-day period, meaning part of the move was mechanical rather than fundamental.
The next major resistance zone is $78,000-$82,000, where a large volume of coins was previously purchased. A successful break and consolidation above $82,000 could open the path to $84,000-$85,000 and then toward $90,000 in September. Komalenkov notes that sustaining the rally will require new real demand via the spot market and ETFs after the short squeeze subsides. Risks include hawkish Fed rhetoric, rising yields and dollar strength, a spike in oil prices, or selling by long-term holders, whose holdings decreased by approximately 356,000 BTC last month. A drop back below $74,000-$75,000 could trigger a correction toward $70,000-$72,000.
cryptonews.ru昨天 11:26
