The #Bitcoin is experiencing a period of high volatility, with fluctuations between $98,000 and $105,000 in recent days. This dynamic is driven by macroeconomic factors such as the trade agreement between the United States and China, which has temporarily reduced tariffs, thus stimulating investors' appetite for risky assets.
At the same time, political initiatives are enhancing the legitimacy of #Bitcoin. President Donald Trump has signed an executive order establishing a strategic reserve of #Bitcoin, using confiscated assets for this national reserve. States like New Hampshire and Arizona are following suit by adopting laws allowing the investment of a portion of public funds in #Bitcoin.
From a technical perspective, #Bitcoin is trying to break through the resistance at $104,000, with potential upward movement towards $110,000 if this barrier is surpassed. However, analysts are warning of a possible correction if the support at $98,500 does not hold.
In summary, #Bitcoin is at a decisive crossroads, influenced by economic, political, and technical factors. The coming days will be crucial for its short-term trajectory.
