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Price Prediction

Bitcoin exceeds Wall Street in the April Sell Slaction

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The Bitcoin price has risen about 25 % since April 2, even as large stock indicators decreased. Digital currency penetrated 104,000 dollars By May 12. Traditional markets such as S&P 500 were in red. Based on market data, Bitcoin has emerged in the face of sales and identification negotiations.

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Bitcoin exceeds stocks

According to reports, S & P 500 Nearly 1 % decreased during April, but Bitcoin rose. Other financial markets witnessed losses during the same weeks. Bitcoin is increased while traders in concerns about the escalating definitions viewed.

Some have seen that the most popular encryption assets in the world as a way to avoid fees on foreign trade. However, there is no evidence that any country uses encryption to avoid definitions.

Settlements via bitcoin

Based on the examination by the Crypto Daan Crypto Trades expert, there was speculation that countries could transfer commercial settlements to Bitcoin. The concept has gained traction since BTC stood even when supply chains and markets were in trouble.

However, experts note that large transactions on the chain are present in the open. Organizers will capture any large payments across the boundary that has been done in the encryption. There was no reported case from governments that turn into bitcoin in order to avoid duties.

Key resistance levels test

According to the analysis of the plans by the Rose Premium signals, Bitcoin He is currently testing a decisive barrier at $ 105,000. If BTC is broken there, it may decline to the $ 100,000 area. Some pattern monitors claim that the formation of the head and the reverse shoulders can develop.

This style requires two distinct shoulders and lowering the pelvis in the middle. Currently, the fluctuations were unbalanced, which weakens the image. Rejection may follow a short period of Altcoin accumulation before Bitcoin takes off again as it stopped.

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Long -term expectations are stable

According to market monitors, most investors will look forward to purchasing declines if Bitcoin breaks the resistance. They add that the high prices will put the spotlight on the decline. Decons presented entry points during previous gatherings. But the wide bitcoin operations last for several months, not days.

BTC is now trading at 104,469 dollars. table: Tradingvief

The risks are still seen by traders: potential price increases, encryption regulations, and fresh symbols compete for attention. Meanwhile, ETF increase Flow And a fortified governor reassures others.

According to accounts American Trade – Qina Negotiations, any agreement that reduces some tension. But there are Bitcoin price drivers independent of global definitions. Cash procedures, big investors, and feelings are pushing great moves.

If BTC continues to overcome stocks, it may enhance itself as a substitute in the global markets. Meanwhile, merchants are waiting for the next trend at these important levels near $ 105,000.

Distinctive image from Unsplash, tradingvief chart

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