PANews July 14 news, according to Jinshi reports, Tickmill analyst Patrick Munnelly stated in a report that Bitcoin has first broken through $120,000, with its upward momentum stemming from the increasing confidence of investors as cryptocurrencies move out of a recent narrow trading range. He mentioned that the previous trading range had raised doubts about whether Bitcoin could regain the strong upward momentum it had earlier this year. The uncertainty surrounding Trump's political and economic policies had suppressed market enthusiasm for investing in Bitcoin, keeping it within that range. Now, with stocks and other risk assets reaching all-time highs, Bitcoin has also re-entered an upward trajectory, reigniting market enthusiasm.
