Why has Bitcoin once again surged to 120,000? The significant intervention by Trump has played a major role. This bill faced obstacles in passing through the House of Representatives, and Trump intervened to save its passage!
The biggest question now is whether Bitcoin will reach new highs. From the historical trends of Bitcoin, every major market decline usually results in a drop of about half. As short positions decrease, a downward trend for Bitcoin quickly forms. At this stage, we are looking at whether Bitcoin will challenge the new high of 125,000. If it enters a downtrend, altcoins will also begin to follow suit! Recently, Long Brother has been focusing on HYPE; he mentioned that after approaching 50, it began to enter a consolidation phase. If Bitcoin starts to decline 📉, it will surely drop from 50 to around 31!