On Wednesday, the leading cryptocurrency in the market, Bitcoin (BTC), rose by more than 3 % to the highest new level ever (ATH), and is fed by strong purchase pressure in the market during the past month.
According to currency standards DataBitcoin price increased to more than $ 109,000, as it reached an amazing record of $ 109,500. This teacher is not only a great recovery, but also exceeds the previous BTC in January.
Bitcoin scored the high result of the total favorable factors
The recent increase in prices can be attributed to many converging factors, especially reluctance to organizational pressures in the United States. With the main encryption legislation that is preparing to pass through the US Senate, the environment appears to be increasingly supportive under Carbuto President Donald Trump.
Besides these political developments, the total favorable economic conditions, including the most enlarged numbers of inflation, and the abolition of tensions in the American -Chinese trade war have created a favorable atmosphere of Bitcoin.
“The new Bitcoin collection has been prepared with a set of favorable components in the total boiler.”
“It is possible that a three -month window will be opened in order to flourish the origins of the risk, as a broader agreement has been eliminated between the United States and China,” Tringev added in an interview. interview With CNBC.
Can BTC reach $ 120,000?
Looking at the future, the Doctor Profit – known as the previous Bitcoin declining to 77,000 dollars and subsequent recovery that exceeds $ 100,000 – set new goals for the encrypted currency.
In a conversation Social media yet On X (previously Twitter), the analyst suggested that BTC could reach between $ 117,000 and 120,000 dollars, which represents an additional increase of 10 %. This potential rise can indicate the stage of discovering new prices for the distinctive symbol, which is the first in several months.
At the time of writing this report, BTC tries to integrate it over $ 109,000, with the aim of converting this floor to the new support for the rest of the new upward trend.
Distinctive image from Dall-E, Chart from TradingView.com
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