#CryptoCPIWatch
Bitcoin has seen a notable increase in recent weeks, supported by several factors:
1. Improvement in trade relations between the United States and China: The recent agreement between the two countries to reduce tariffs for 90 days has contributed to enhancing investors' risk appetite, leading to a rise in digital asset prices.
2. Increased interest from institutional investors: A strategic firm purchased 13,390 Bitcoins worth approximately $1.34 billion, reflecting institutional confidence in the market.
3. Technical forecasts: Analyses indicate the possibility of Bitcoin reaching new all-time highs, with expectations of reaching $110,000 if positive momentum continues.
Future Expectations
With the continuation of positive factors, some analysts expect Bitcoin to continue its rise, targeting levels between $110,000 and $112,000 in the near term. However, investors should exercise caution, especially with the upcoming release of the Consumer Price Index (CPI) data on May 13, which may impact market trends.
$BTC