bullish

Bitcoin

when

Coin

<ul class="wp-block-list news-points">
 <li><strong>Tether’s $4B USDT minting aligns with Bitcoin’s surge to $89,500 and market rallies.</strong></li>
 <li><strong>Bitcoin’s resistance at $88,500 signals potential for $90,000 or a pullback to $85,000.</strong></li>
 <li><strong>High RSI at 86.23 warns of short-term overbought conditions, potential BTC correction.</strong></li>
</ul>
<p>Tether’s latest activity was spotted by Lookonchain when it minted $2 billion in USDT two days earlier and another $2 billion nine hours thereafter. This $4 billion increase in stablecoin supply coincided with Bitcoin reaching a new high of $89,500. Some analysts believe this influx of USDT is contributing to Bitcoin’s rally.</p>
<p>As at press time, Bitcoin is trading at<a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow"> $88,544.29</a>, reflecting a daily gain of 9.51%. The chart highlights a steady uptrend marked by successive higher highs and higher lows, indicating robust bullish momentum.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/lookonchain/status/1856153677175894528
 </div>
</figure>
<h2 class="wp-block-heading" id="h-bitcoin-s-trend-and-key-levels"><strong>Bitcoin’s Trend and Key Levels</strong></h2>
<p><a href="https://coinedition.com/will-bitcoin-have-more-volatility-than-ethereum-in-the-near-future/" rel="noopener noreferrer nofollow">Bitcoin’s</a> recent price action shows a clear upward trend. This growth comes from strong buyer interest. The $80,840 level became an important support base before this rally.</p>
<p>As Bitcoin rose, it found resistance around $88,500, which caused brief consolidation near this pe…</p>
<p>The post <a href="https://coinedition.com/bitcoins-surge-to-89500-coincides-with-tethers-4b-usdt-mint/" rel="noopener noreferrer nofollow">Bitcoin’s Surge to $89,500 Coincides With Tether’s $4B USDT Mint</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin’s Surge to $89,500 Coincides With Tether’s $4B USDT Mint

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