$BTC
Here is a complete overview of the upcoming performance phase of Bitcoin:
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đ Current Market Conditions
The price of Bitcoin is currently around $106,000, after a slight increase today, but it remains below its last peak of around **$112,000**.
Market momentum indicates that central bankers may start to lower interest rates, which supports digital assets and revives a bullish wave that could drive Bitcoin to new levels.
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Influencing Factors đ
1. The Dollar and Interest Rates
The weakness of the US dollar is pushing traders towards unconventional assets like Bitcoin.
While a policy of high interest rates could weigh on the purchase of digital assets, if they are indeed reduced, this could strengthen the bullish momentum.
2. Geopolitical Tensions
Although episodes of tension such as the conflict in the Middle East occur, Bitcoin has not acted as a safe haven, which reduces its effectiveness as a shield against crises.
3. Institutional and Regulatory Strength
The increasing acceptance of ETF funds and the rise of institutional investments, along with regulatory measures in the United States such as the âStrategic Bitcoin Reserve,â offer a positive long-term environment.
4. Technical Analysis
A breakout from the âflag patternâ and momentum indicators reinforce the expectation of a possibility to exceed previous peaks, with major resistance around $112,000 and support between **$107,000â$100,000**.
BTCUSDT
Perp
106,041.1
+1.27%
