$BTC Bitcoin's current price is $104,312.30 with a 0.14% decrease in the last 24 hours. Here are some key statistics¹:
- *Current Price*: $104,312.30
- *Market Capitalization*: $2.05 trillion
- *Open Price*: $104,460.31
- *High Price*: $105,819.45
- *Low Price*: $103,569.77
- *Percent Change*: -0.14%
Some analysts predict Bitcoin's price could continue to fluctuate, with potential targets including²:
- *Short-term*: $106,000, driven by bullish momentum and breakout patterns
- *Long-term*: New all-time highs, potentially exceeding $109,356, driven by institutional investment and adoption
Key factors influencing Bitcoin's price include³:
- *Institutional Investment*: Growing interest from large financial institutions, with record inflows into US spot Bitcoin ETFs
- *Market Sentiment*: Shifts in investor sentiment, driven by factors like regulatory developments and macroeconomic trends
- *Technical Indicators*: Signals from oscillators and moving averages, indicating potential buy or sell opportunities
*Recent Developments*
- *US-China Trade Deal*: A landmark trade deal between the US and China has eased tensions, potentially boosting global economic growth and investor confidence.
- *Metaplanet's Bitcoin Purchase*: Metaplanet has bought 1,241 Bitcoin, increasing its total holdings to 6,796 Bitcoin valued at $707 million.