Bitcoin $104,489.94 price Since the short -term bear market that changes the balances, it has been close to the highest level of all time (AC). The largest crypto currency that attracts the attention of buyers again by re -$ 100,000 is currently traded on a $ 105 thousand threshold. Analysts warn that technical indicators point to a strong rise momentum, but also contain the possibility of the overcrease in the short term. Corporate interest and money flow to Spot ETFs may open the door of the next record attempt.
Technical Indicators Support the rise in Bitcoin
Bitcoin50 and 200 -day moving averages by trading on the procurement print. Kronos Research CIO Vincent LiuAccording to the corporate adoption increases, and when a 2025 prediction is made, it is quite reasonable to expect a new AC. These powerful signals attract the attention of long -term investors to Bitcoin.
However, RSI data is the largest crypto currencyIt shows that it is “over -purchase .. BTC Markets Analyst Rachael Lucas“Excessive purchase does not always mean a sudden withdrawal, but strengthens the likelihood of horizontal movement or cooling in the short term,” he said. According to him, a consolidation volume that will be above the level of 100 thousand dollars can bring the formation of a volume and prepare the ground for new peaks.
Macro moves trigger the rise in price
USA-China Positive news from trade negotiations has re -climbed the investor confidence. He fed the global risk appetite by pointing to the discount in the “Important Reconciliation” customs tariffs reached in Switzerland. Indeed, the US and China recently mutually customs tariffsni downloaded. The United States reduced its tariffs to China from 145 percent to 30 percent. China reduced from 125 percent to 10 percent. Analysts of such macro steps Crypto Money Marketemphasizes that it reduces the pressure on it.
On the other hand Spot Bitcoin ETFNet money inputs and BTC accumulation of large companies also support the rise. From Kronos Research Liu“Pre -US CPI data to be announced on May 13, risk management becomes important,” warned. The diversification of their portfolios by acting cautiously by investors is critical for protecting from volatility.
The fact that Bitcoin was recorded in January with 108 thousand 786 dollars in January is about 4 percent away from the Summit. Investors closely monitor how to shape the macro balances with technical elements for such an attack.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
