Alright, let's cut to the chase. Bitcoin’s dating with $90,000 ever since crashing past $87,000. You’re likely enjoying those benefits and getting that old familiar itch – the Fear Of Missing Out (FOMO) right about now. Is this it? One last boarding call before we blast off to six figures! Maybe. Maybe not. Here’s what the charts – and more importantly the real world – are screaming at me.

Technicals Shout, "Full Steam Ahead!"

Let's get one thing straight: I'm not a chart-worshipper. To throw out technicals entirely, well that’s a little like driving blindfolded. As of this writing, the technical picture for Bitcoin is screaming “bullish.” We saw a clear breakout above $87,000. Importantly, it retested that long-standing downtrend line as the support. That's textbook stuff, folks.

Think of it like this: Bitcoin was stuck in traffic (the downtrend). Then, at last, it found an opening and zipped away with surprising speed. Next, it slammed on the brakes to reverse at high speed and confirm that the road was safe back there. Now, it's got a clear shot.

The next big hurdle? Probably $90,000. If it breaks through that, $100,000 starts to be a very real possibility. Not so fast, though. Definitely keep your eye on the $83,000 level. That's the critical support. Anything drop below that, and the good times for the bulls could be over – at least for the time being.

Strategy's Big Bet: Playing Chess, Not Checkers

Everyone's talking about institutional interest. And while it's true that big players are getting involved, I'm less interested in who is buying and more interested in why. Look at Strategy (MicroStrategy). They’re not even just going all in—they’ve completely removed the money from their accounts and stuffed it in Bitcoin. They hold over 531,644 BTC!

This isn’t even a US-based hedge fund manager throwing a few million dollars at a new trendy asset class. Michael Saylor is playing a whole other ballgame. He views Bitcoin as a treasury reserve asset. It acts as an antidote to inflation and a mechanism for value preservation in a world awash with ever-devalued fiat.

Here's the unexpected connection: Strategy's inclusion in the Nasdaq 100. This is huge. And it is about more than just prestige, it’s about accessibility. TPSL has provided millions of retail and institutional investors with indirect exposure to Bitcoin. They do this through their Nasdaq 100 index funds. Saylor has pretty much constructed an intercontinental bridge from the old world of finance to the new world of crypto. This is not passive investing, this is strategic political influence.

Dollar Doom And Gold's Gleam

Here's where things get really interesting. Bitcoin is not just a tech play, it’s a macro play. The US dollar is weakening. The Dollar Index (DXY) is having one of its worst years ever. And what happens when the dollar weakens? People look for alternatives.

Gold has historically been the go-to safe haven. However, Bitcoin is more and more becoming known as “digital gold.” The connection between Bitcoin and gold is certainly apparent. As Kobeissi Letter accurately noted, these stories are coming together.

Think of it like this: The dollar is a leaky faucet. Gold is a bucket. Gone are the days when a high-tech Bitcoin water purifier would earn you money. Which would you choose?

Keep a close eye on what the Financial Conduct Authority (FCA) is doing. They’re cracking down more on crypto promotions and regulations.

  • Bullish: Bitcoin breaks $90,000, targets $100,000.
  • Neutral: Consolidation between $87,000 and $90,000.
  • Bearish: Retracement to $83,000 support.

So, is $87K your last opportunity to purchase before we hit $100K? I don't have a crystal ball. However, the technicals are looking strong, institutional interest is rapidly increasing and the macro environment is bullish. But there are risks involved. Looking to improve your research game, or is discretion the better part of valor for you?

  • Volatility: Bitcoin is notorious for its price swings.
  • Regulation: Increased regulatory scrutiny could impact prices.
  • Black Swan Events: Unexpected events (e.g., a major hack) could trigger a sell-off.

Actionable Advice:

  • Set Stop-Loss Orders: Protect your downside.
  • Diversify Your Portfolio: Don't put all your eggs in one basket.
  • Do Your Research: Don't blindly follow the hype.

A Word For My UK Readers: Keep a close eye on what the Financial Conduct Authority (FCA) is doing. They're getting stricter about crypto advertising and regulation.

So, is $87K the last chance to buy before $100K? I don't have a crystal ball. But the technicals are strong, institutional interest is growing, and the macro environment is favorable. But there are risks involved. Are you ready to take the plunge, or is caution the better part of valor for you?