📈 Bitcoin surpasses $103,000: Are we facing a new bullish cycle?
Bitcoin (BTC) has surpassed $103,000, marking a 4.3% increase in the last 24 hours.
🔍 Factors driving this surge:
U.S.-UK trade agreement: The recent signing of a trade agreement between both countries has generated optimism in the markets, benefiting risk assets like Bitcoin.
Flows into Bitcoin ETFs: Exchange-traded funds (ETFs) have recorded significant net inflows, reflecting growing institutional interest in BTC.
Pro-crypto policies in the U.S.: The current administration has shown signs of a more favorable approach to cryptocurrencies, boosting investor confidence.
📊 Technical analysis:
Key support: $100,000
Immediate resistance: $105,000
Indicators: The RSI is at elevated levels, which may indicate a potential overbought condition.
💡 Recommendations for traders:
Risk management: Consider setting stop-loss orders to protect your profits.
Diversification: Evaluate the possibility of diversifying your portfolio with other high-cap cryptocurrencies.
Ongoing analysis: Stay informed about macroeconomic news and its impact on the crypto market.
📣 Do you think Bitcoin will continue its rise, or will we see a correction in the short term?
💬 Share your opinion in the comments.