🚀 Bitcoin Surpasses $100,000: Are We on the Verge of a Historic Rise or an Upcoming Correction?
The current price of Bitcoin is between $102,400 and $104,300, with slight fluctuations during the day. According to CoinMarketCap data, the current price is approximately $102,469, with a decrease of 1.66% over the past 24 hours, and a daily trading volume exceeding $63 billion. Bitcoin has seen a significant rise over the past week, surpassing the $100,000 mark for the first time since January, driven by investor optimism regarding easing trade tensions between the United States and China, and increased institutional investment flows.
Technically, analysts are monitoring the resistance level at $106,000, as a breakout above this level could push the price towards $127,000. However, there are warnings of a potential short-term technical correction that could bring the price back below $100,000, especially with the Consumer Price Index data set to be released on May 13.
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