📰 Bitcoin hits new all-time highs: unstoppable rally or calm before the storm?
Bitcoin ($BTC ) has recently surpassed the threshold of $118,000, marking a new all-time high and fueling enthusiasm among investors and analysts. The rally has been supported by strong inflows into spot ETFs, with over $1.18 billion entering just on Thursday. Ethereum (ETH) has also benefited from the positive trend, surpassing $3,000.
📈 What is driving the price upward?
- Growing institutional adoption: more and more companies are including BTC in their treasuries
- Favorable technical pattern: the confirmation of a “bull flag” suggests a possible target of $160,000 in the medium term
- Historic short squeeze: over $1.1 billion in short positions liquidated in 24 hours
⚠️ But beware of headwinds
- Geopolitical tensions and new US tariffs could slow down the momentum
- The RSI index shows overbought levels, suggesting a possible short-term correction
🌍 In the meantime, mining is becoming democratized
The GoldenMining platform promises earnings of up to $3,000 a day through cloud mining, accessible even from smartphones, without the need for complex equipment.
The king of cryptocurrencies continues to amaze, but the market remains divided between those who see a bright future and those who fear a sharp reversal. Which side are you on?