Bitcoin seen near $90,000 if long-term demand joins rally
Nansen analyst Nicolai Sondergaard says Bitcoin could extend its rally to $90,000 if long-term investors join the buying streak, attributing the recent run-up to renewed ETF demand and a short squeeze rather than a macro-driven accumulation event.
Bitcoin could extend its latest rally to $90000 if long-term investors join the buying streak, Nansen analyst Nicolai Sondergaard said in a note. The recent move was fueled by renewed ETF demand and a large short squeeze, rather than a macro-driven accumulation event, the analyst said.