#BinanceAlpha$1.7MRewardBitcoin's recent price surge to $103,855.93 has indeed limited accumulation opportunities, making it more challenging for new investors to enter the market. With a 1.05% increase in the last 24 hours, the cryptocurrency's market capitalization stands at $2.06 trillion.
*Key Factors Influencing Bitcoin's Price:*
- *Resistance Levels*: Breaking through the $108,000 resistance level could pave the way for further gains, potentially reaching $130,000.
- *Market Sentiment*: Positive market sentiment and increased liquidity in the financial system are contributing to Bitcoin's surge.
- *Technical Indicators*: Holding above the $90,000-$95,000 range is crucial for maintaining the bullish trend.
*Potential Price Movement:*
- *Short-term*: If Bitcoin maintains support above $90,000, it may continue to rally, targeting higher resistance levels.
- *Long-term*: Analysts predict that Bitcoin accumulation addresses could hold over 3 million BTC by the end of 2024, potentially driving a sustained price rally.#EthereumSecurityInitiative $BTC
