Bitcoin Sets Daily Record Close With $110K as the New Level to Watch for BTC

The next significant price level for Bitcoin is $110,000, where market dynamics could amplify price movements.

What to know:

• Bitcoin’s daily candle closed at a high of &106,830 amid increased investment in spot ETFs.

• Concerns over fiscal health in major economies, including the U.S., are bullish for BTC and gold.

• The next significant price level for BTC is $110,000, where market dynamics could amplify price movements.

Although Bitcoin (BTC) can be traded 24/7 it’s candles open and close similar to foreign exchange markets. The latest data from TradingView shows Tuesday’s candle ended (UTC) at $106,830, the highest ever closing price!