📈 In a new achievement, the price of Bitcoin has surpassed the $105,000 barrier today, marking its highest level since January. According to data from the Binance platform, the price increased by 0.60% over the past 24 hours, reaching $105,004.11.
🌐 Progress in trade talks between the U.S. and China drives Bitcoin higher
Global markets witnessed optimism after "constructive progress" was made in trade talks between the United States and China in Geneva. This optimism reflected in the cryptocurrency market, where the price of Bitcoin exceeded $100,000 for the first time since February.
🔮 Predictions for Bitcoin to rise to $121,243
According to forecasts from the CoinCodex platform, the price of Bitcoin is expected to reach $121,243 by May 12, 2025, representing a 24.86% increase over the next five days.
📊 Analysis: Is Bitcoin facing a correction soon?
Despite recent increases, some analysts warn of a potential correction in the price of Bitcoin. New analysis on Binance Square indicates the need to monitor current liquidity and resistance levels.
🏛️ The strategic reserve of Bitcoin in the United States
In a historic move, U.S. President Donald Trump signed an executive order to create the "strategic reserve for Bitcoin," enhancing Bitcoin's status as a reserve asset and supporting the upward trend of the market.
