BTCUSD
Bitcoin is moving in an upward trend in the medium term, which opens the door for price increases and the formation of new highs. However, if the price breaks below the $109,500 level, we may see a retest of the support area at $105,750.
|
Support |
109500 | 105750 | 101150 |
| Resistance | 112000 | 113000 |
– |
Bitcoin (BTC) recorded a new all-time high, surpassing the $111,000 mark for the first time in its history. This rally was driven by strong inflows into exchange-traded funds (ETFs) and an improving regulatory environment in the United States.
This price surge is attributed to several key factors:
1- Improved Regulatory Environment: Progress on a stablecoin regulation bill in the U.S. Senate has boosted market confidence.
2- Growing Institutional Interest: Major firms like JPMorgan Chase have expressed support for Bitcoin, attracting increased institutional investment.
3- Shift in Government Policy: President Donald Trump’s announcement of a strategic Bitcoin reserve as a national asset added further momentum to the market.
From a technical standpoint, Bitcoin’s chart shows a strong upward trend, with expectations of continued bullish momentum in the short term. However, investors are advised to remain cautious due to potential market volatility.
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