Bitcoin’s Weekly Close Nears $90K: What’s Next for BTC?

Bitcoin (BTC) continues its upward trajectory, with its weekly close approaching the $90,000 mark. This surge sparks questions about the sustainability of this growth and the potential risks of a market correction. Will we see a blow-off top fueled by fear of missing out (FOMO), or can the market maintain its momentum? This week’s analysis dives into five key factors influencing the BTC price trajectory and explores various scenarios for the coming days and weeks. We examine on-chain metrics, trading volume, institutional investment trends, regulatory developments, and the overall market sentiment to paint a comprehensive picture of the Bitcoin market’s near-term future. Prepare for an insightful exploration of the exciting—and potentially volatile—weeks ahead for the king of cryptocurrencies.