🔥 Key Takeaways
- Bitcoin price surpasses $90,000 as U.S. buying activity resumes.
- Tax-loss harvesting pressure in Q4 appears to have eased, contributing to the price increase.
- MicroStrategy’s recent buy on December 29 supports the current price range, with resistance anticipated near $92,500.
- Polymarket odds suggest a 26% chance of Bitcoin reaching $150,000 by 2026.
Bitcoin Surges Past $90,000 as U.S. Buying Returns
Bitcoin has broken above the $90,000 threshold in New York trading, reaching a high of $90,742. This significant price movement comes as the pressure from tax-loss harvesting in Q4 begins to subside. The easing of this tax-related selling has allowed the cryptocurrency to regain its momentum, attracting buyers back into the market.
Market Indicators and Future Prospects
According to CoinGlass, futures open interest stands at $130 billion, indicating a strong level of engagement and anticipation among investors. The recent purchase by MicroStrategy on December 29 has played a crucial role in supporting the current price range. However, analysts predict that the cryptocurrency may face resistance near the $92,500 mark. Looking further ahead, Polymarket odds place the likelihood of Bitcoin reaching $150,000 by 2026 at 26%, suggesting a bullish outlook for the long-term future of the cryptocurrency.
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