Bitcoin breaks through 110,000! Reasons & beginner's guide, brothers! Bitcoin has just historically surpassed the 110,000 mark! Current price is over 110,000, with a daily increase of over 2%! The market is extremely hot, and related projects are also active!
Why is it so fierce? Look at three points:
Large institutions are entering the market crazily! The Bitcoin funds (ETFs) launched by Wall Street giants last year have attracted a large influx of traditional capital. In just the first half of this year, institutions purchased over 3.6 billion USD worth of Bitcoin through ETFs! The allocation ratio has skyrocketed! Even Texas in the U.S. plans to use its budget surplus to buy coins, gaining immense acceptance!
The rules are clearer! The U.S. and Europe are advancing stablecoin legislation and issuing licenses, expanding the compliance space for crypto assets. Uncertainty is reduced, making institutions more willing to engage. Analysts from major banks say Bitcoin is upgrading to become a globally important asset.
Timing + technology collaboration? Bitcoin has performed well in July in previous years, coupled with the possibility of interest rate cuts by the Federal Reserve and reduced inflation pressure, many models predict that Bitcoin could reach new highs in July, even looking at 150,000 by the end of the year (predictions are for reference only).
In the celebration, do not forget the risks:
Early players may sell: Previously, miners sold large amounts of coins, and if the price remains stagnant, selling pressure may return.
High leverage is dangerous! The volatility is severe, and high leverage can easily wipe you out in one wave.
Global policies vary: While the U.S. and Europe are easing, India and China remain strict. Policies may also change after the U.S. elections.
How do we view the future? (Market perspective):
Short-term (1 month): 110,000 is a key psychological level; if it stabilizes, look for higher (some models see 116,000), but if it breaks or tests the support of 100,000 to 105,000. Keep a close eye on next month's economic data (CPI) and the Federal Reserve's stance; improved inflation is favorable for Bitcoin.
Mid-term (3-6 months): With institutions continuing to buy and the ETF lock-up effect, reaching 150,000 by the end of the year is possible. But watch out for miner selling pressure and policy changes.
Long-term (1 year+): The consensus around 'digital gold' is strengthening. If global easing continues, Bitcoin's market cap surpassing silver (1.4 trillion USD) is expected. Standard Chartered has called for a target of 200,000 (just for reference). Remember: don't try to guess the top in a bull market!
Beginner strategy: Stability is key!
Dollar-cost averaging + selling in batches: Use spare money to buy a bit each month. If it drops to a key position (like 100,000), you can buy more; if it rises to a target price (like 120,000), take profit in batches. Keep a steady mindset.
Focus on ecological opportunities: The popularity of Bitcoin drives related payment networks and financial applications. Well-known projects have also increased significantly, and if interested, you can research (but the volatility is greater).
Stay away from obscure small cryptocurrencies! When the market is good, most small coins may actually drop! Focus on mainstream ones like Bitcoin, Ethereum, and SOL for more stability! Don't touch projects you don't understand!
Final important reminder:
The surge to 110,000 is due to multiple factors resonating, but there is no myth of a market that only goes up without falling!
Only use spare money! Don't touch your living expenses.
Absolutely do not borrow money to trade (do not use leverage)! Volatility can be deadly.
Learn to take profits in batches! Securing gains is the real deal.
