Bitcoin has crossed the symbolic $87,000 mark, rekindling enthusiasm among some investors. However, despite this spectacular rebound, analysts are urging caution. They believe current conditions are not yet ripe to confirm the start of a truly prolonged bull market.
A rebound that rekindles hope
- Back above $87,000: After a period of consolidation, BTC is recording a notable rise, supported by renewed market confidence and a slight easing of monetary policy globally.
- A movement supported by volumes: Increased trading volumes and inflows into crypto ETFs suggest a return of institutional interest, albeit cautious.
Fundamentals remain to be monitored
- Not yet a confirmed bull run: Several technical and fundamental indicators show that the market remains fragile. Bitcoin’s dominance is high, but altcoins are struggling to keep up.
- Persistent Uncertainties: Between geopolitical tensions, uncertain US monetary policy, and regulatory risks, macroeconomic factors could quickly reverse the trend.
Opportunities and Risks for Investors
What this implies:
- The $87,000 threshold marks an important recovery point, but it could also serve as resistance in the event of a reversal.
- Long-term investors will see this as a signal of structural strength, particularly after the recent halving.
Persistent Risks:
- Excessive optimism could lead to impulse buying followed by sharp corrections.
- A resurgence of inflation or a tightening of monetary policy could trigger a flight of capital to safer assets.
Conclusion
Bitcoin’s crossing of the $87,000 mark reignites the debate on a possible new bull run. While the signals are positive, analysts remain cautious and emphasize the importance of the coming days to confirm, or not, a sustainable bull run. For now, the crypto market is treading a fine line, between hope for recovery and caution in the face of global economic turmoil.
