- Bitcoin (BTC) reached a new summit of $ 109,487, up 4.59% in 24 hours.
- The market capitalization reached 2.17 billions of dollars, supported by $ 59 billion in daily volume.
Bitcoin (BTC) climbed to a new summit of $ 109,487, outdated His January 78,786 peak. This decision occurred four months after the first stage, while the cryptography market resumed the bullish momentum.
The current Bitcoin price oscillates around $ 109,322, marking a daily overvoltage of 4.59%. Its market capitalization now amounts to 2.17 billions of dollars, supported by a negotiation volume of 24 hours of $ 59.05 billion. With a volume / market ceiling ratio of 2.66%, the interest of investors remains intense.
The wider economic backdrop also contributed to Bitcoin's rupture. The partial retirement of President Donald Trump of commercial wars and the favorable inflation readings of this month have strengthened the confidence of risky assets.
While Bitcoin fell below $ 75,000 in early April due to concerns about Trump's aggressive prices, he rebounded while investors recalibrate expectations. The markets now consider Bitcoin as coverage against macroeconomic instability and a weakened US dollar.
The integration of Bitcoin into global reserves and its growing acceptance by institutions like JPMorgan validate its role in modern finance more. The cryptocurrency rally aligns with continuous entrances to the Bitcoin FNB listed in the United States, despite recent price fluctuations. Institutional trust remains high, suggesting a structural change in the way digital assets are perceived.
Will Bitcoin reach new heights?
Technically, Bitcoin broke above Critical resistance at $ 108,000. If the bullish momentum persists, the next key psychological level is at $ 112,000. Immediate support is at nearly $ 105,400, and a break below could cause prices to $ 103,350.
The 9 -day and 21 -day mobile averages, now at $ 106,519 and $ 105,413, respectively, have formed a bullish crossing, indicating a sustained increase potential. This crossing often precedes strong ascending tendencies, strengthening the bruising feeling in the short term.
The relative force index (RSI) currently reads 70.75, just above the basic threshold. Its average of 14 days, now at 58.51, supports the increase more, but also suggests increasing caution. A slight RSI divergence may appear if the momentum slows down, although the current signals remain strong.
Although a certain gain in profit can occur at these levels, the wider perspectives remain optimistic. Standard Bitcoin forecasts reaching $ 120,000 per T2 and potentially $ 200,000 by the end of the year.
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