Bitcoin (BTC) prices and its future trends. The main points are as follows:

Crypto Market Overview

BTC: $96,963.81 (+1.02%)

ETH: $2,693.96 (+1.37%)

XRP: $2.7769 (+13.02%)

SOL: $200.36 (+4.25%)

BNB: $663.98 (-6.58%)

DOGE: $0.2738 (+6.05%)

ADA: $0.8104 (+3.31%)

TRX: $0.2323 (-1.80%)

LTC: $130.05 (+6.66%)

Current Bitcoin Analysis

According to the article, BTC’s bull market (bullish trend) is not over yet.

Looking at the 200-week simple moving average (SMA), analysts believe that the price could rise further.

BTC reached the $69,000 level during the 2021 bull run (bull market), and if past trends are to be believed, the current $90,000-$110,000 range could see an upward breakout.

Importance of the 200-week SMA

It is a long-term indicator that filters out price fluctuations and shows the true trend of the market.

Currently, it is at $44,200, which historically indicates further price increases.

In previous bull markets, BTC has always broken old records by crossing the 200-week SMA.

Options Market Indicators

Most of the call options (at the strike of $120,000) are open in the options market on Deribit, indicating a bullish trend.

There are currently over $1.8 billion in call options in open interest, indicating that traders are expecting a further increase in the price of Bitcoin.

Conclusion

According to the analysis, the price of BTC could break out of the $90,000-$110,000 range to the upside.

According to the 200-week SMA, the next possible target for Bitcoin could be $120,000 or higher.

Past trends show that BTC always touches its old bull market highs, which could be possible this time too.

All this information is based on current analysis of the crypto market and does not constitute financial advice of any kind.