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#BTC110KToday? Bitcoin could reach $120,000, four main reasons for Bitcoin's bullishness, Many experts have predicted that the price of Bitcoin could reach $120,000 this year, There are four main reasons for this positive trend: Current Price Central bank policy, energy market trends, and technical analysis Despite recent tensions such as the Iran-Israel conflict and the US airstrike, Bitcoin prices have mostly remained stable above $100,000, which is a testament to its strength. This stability has given investors confidence and also attracted new buyers, which is expected to lead to further price increases. Researcher Nikolai Svendergaard said that in the event of war or global instability, there is a temporary decline but then prices recover, and the recent situation is similar. According to Glassnode data, weak investors have been selling since June 10 while mature buyers have been buying at cheaper prices. This shows that market sentiment is solid and there is also a tendency to buy on price declines. On the other hand, some officials at the US Federal Reserve are in favor of cutting interest rates, which is positive for the stock and crypto markets. Michael Bowman and Christopher Waller have supported a rate cut in July, while Chairman Jerome Powell is emphasizing the continuation of his cautious policy, Powell is expected to address the US Congress where he may face tough questions from Republicans, The sudden drop in oil prices is also welcome as there were concerns about a price increase after the US attack on Iran last week, which could increase inflation, In contrast, the 6.5% drop in oil prices has reduced inflationary pressures, Technically, Bitcoin’s key moving averages have also given strong bullish signals, including the 100-day simple moving average crossing above the 200-day moving average, which is a sign of the bullish trend that has been ongoing since November last year, All these factors are paving the way for Bitcoin’s price to reach $120,000
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#BTC If anyone really wants peace and tranquility in the world, then he is a crypto investor. Whose heartfelt prayer is that there will be no war and his portfolio will not be destroyed. When I expressed my impressions in front of a wise man, he said that this is an opportunity to buy a dip. He replied that how to buy? Currently, my ribs are so thin that I can eat a samosa dipped in chutney. Provided that the shopkeeper also serves chutney with a samosa. Another wise man suggested that all the assets should be sealed and withdrawn and the children should be taken to Islamabad. He replied that calling seventy-eight dollars an asset is an insult to the word asset. This will only become petrol to reach Kalr Kahar. From there, go on foot? The third wise man encouraged that if he is a believer, a soldier fights even without a sword. If his own money is gone, he should invest some client in crypto. He first abused him. Then he explained that right now, only the crypto worm is dying. If you ruin the client, you will ruin the house.
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