📈💥 What is driving Bitcoin to $105,000?

Bitcoin continues to break expectations! Here are the main reasons behind the recent rise:

1️⃣ Increasing institutional demand

Bitcoin ETFs in America are witnessing massive inflows.

Major companies like BlackRock and Fidelity are adding Bitcoin to their investment portfolios.

2️⃣ Decreased supply after the halving

The recent halving event reduced the mining reward by half.

This decreases the new supply of Bitcoin, enhancing scarcity and driving prices up.

3️⃣ High liquidity from Asian markets

Increased trading activity in South Korea, Japan, and China has added strong buying momentum.

4️⃣ Decreasing confidence in the dollar

Rising U.S. debt and inflation have led many to turn to Bitcoin as a "safe haven."

5️⃣ Positive technical signals

Breaking through historical resistance levels and an increase in trading volume all bolster the rise.

👀 Are we seeing $120,000 soon?

Is it time to take profits?

Share your opinion in the comments below👇

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