Bitcoin price is approaching $ 100,000, as morale risk is determined in

Bitcoin price increased for the third day in a row on Friday, when he got 1.1 % trading at 99187 dollars at the time of writing this report. Bitco Price Upside comes in the wake of US President Donald Trump’s statement earlier this week, which expressed his willingness to negotiate a solution to the tariff warfare with his Chinese counterpart, Xi Jinping.

Feeling risks pays bitcoin price

Trump’s statement reduced investment tensions and helped build delicious high -risk assets such as cryptocurrencies. However, the high price of bitcoin is likely to be limited to the federal reserve. The central bank is concerned that the United States’s inflation rate is not sustainable on the decline, which requires the need to maintain the interest rate higher for a longer period.

This may see safer assets like the American Treasury providing competitive returns for Bitcoin, as well as maintaining the value of the US dollar to rise. However, the third consecutive daily profit by BTC preaches well for the market elements. This can be strengthened more if the encryption currency is re -testing the $ 100,000 sign during the weekend. The absence of highly influential economy data in the United States on Friday raises this possibility greatly.

The institutional benefit in Bitcoin is still strong, and this adds the push to the upward trend. For example, Bitwise bought $ 24.1 million in Bitcoin ETF on Friday. Meanwhile, the BTC trading volume has increased by 22 % in the past 24 hours, indicating investors’ willingness to buy the product despite the high price. Which confirms the increasing ascension about the original.

Bitcoin prediction

The momentum on bitcoin is preferred to continue the upward trend above 98,600 dollars. The immediate obstacle is likely to be $ 99, $ 5500. The bullish momentum will enhance if the currency is separated from this level, which is likely to filter the path to test the second resistance at $ 100,100.

On the contrary, the procedure of less than $ 98,600 will prefer sellers to control. In this case, the BTC price track is likely to go to the first support at 97,900 dollars. The rest of this level will lead to nullifying the bullish direction and the second support test at 97,400 dollars.