#BTC Why did Bitcoin surge crazily? Many newcomers fail because they do not pay attention to news and do not look at K-line charts. Moreover, it is essential to combine these news events for in-depth analysis. Only by mastering these can one better grasp the direction and make more profits.
$BTC 💥 The main reasons for the significant rise in Bitcoin are as follows: 💥💥💥
1. The Federal Reserve has not cut interest rates: Currently, the Federal Reserve maintains a restrictive interest rate of over 4%. If interest rates drop below 1% in the future, there will be more abundant funds in the cryptocurrency market. A decrease in inflation is a prerequisite for interest rate cuts, and multiple cuts are expected next year.
2. Regulatory framework is not clear: The regulatory framework for digital assets in the United States has not yet been established, making it difficult for large-scale capital inflows and limiting stablecoin inflows to exchanges. If the U.S. passes a stablecoin regulatory bill allowing banks to custody Bitcoin and promotes the tokenization of stocks and bonds, sovereign wealth funds may purchase a large amount of Bitcoin, and the BTC price is expected to break through $200,000.
3. Funds from various states have not entered the market: Although New Jersey has legislated, funds must wait 3 months to buy; Texas has not yet officially passed legislation, and it is expected to start next year; other states are also advancing legislation to include BTC in strategic reserves.
4. From a technical perspective: 1) There is a divergence between price and indicators on the daily chart. 2) Positive news supports the resistance level. 3) The community's research department has detected that the main forces are increasing their BTC holdings.
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