Bitcoin has just surpassed the $115,000 mark, recording an increase of nearly 1% for the day.
According to market data on August 4, Bitcoin's price reached $115,043.90, marking a strong breakthrough compared to the previous day.
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Bitcoin broke the $115,000 mark on August 4.
The daily price increase is nearly 1%.
Data sourced from the OKX market.
How did Bitcoin increase in price on August 4?
On August 4, Bitcoin officially surpassed the $115,000 mark, trading at $115,043.90 per coin with a 0.97% increase for the day. This is a positive sign for the cryptocurrency market, indicating recovery or a new upward trend.
This price increase reflects high demand for Bitcoin and investor confidence in the prospects of the leading digital asset. Such progress often attracts further interest from traders and institutional investors, contributing to increased liquidity and pushing prices higher.
What does Bitcoin surpassing the $115,000 mark mean in the cryptocurrency financial market?
Bitcoin surpassing the $115,000 mark indicates market strength and could trigger stronger buying actions from investors. This price level is often seen as a signal to assess long-term upward trends or establish new resistance levels.
Technical analysts often suggest that Bitcoin exceeding this price may open a new Bull market phase. However, macroeconomic factors and market sentiment also need to be closely monitored to evaluate the sustainability of the upward trend.
"Bitcoin continues to assert its position as it surpasses the $115,000 mark, opening up many investment opportunities in the cryptocurrency market."
Financial expert Nguyen Van An, August 2024
What role does the OKX market play in reflecting Bitcoin price fluctuations?
OKX is one of the largest cryptocurrency exchanges in the world, providing transparent pricing and trading data. Bitcoin reaching $115,043.90 on OKX aims to accurately reflect price trends in the global market.
OKX market data is trusted by many traders and investors due to its liquidity and diverse user base. Fluctuations at OKX often provide good forecasts for the future movements of leading cryptocurrencies.
How do technical signals and investor sentiment affect Bitcoin's price when surpassing this level?
When Bitcoin surpasses crucial thresholds, strong technical signals attract buy orders from professional traders and long-term coin holders. This positive sentiment drives the recovery of the cryptocurrency market following previous fluctuations.
The market often witnesses increased trading volumes when Bitcoin reaches new highs, while also warning of potential short-term corrections if supply spikes.
Recent examples of Bitcoin price volatility
Previously, Bitcoin had set an ATH with a price above $115,000 during Bull runs, reflecting the intense interest of the global cryptocurrency market. These peak breakthroughs are always accompanied by increasing liquidity trends and substantial participation from Whales.
Maintaining above crucial levels like $115,000 will serve as a springboard for new price targets while also measuring the strength of the cryptocurrency market at this time.
Frequently Asked Questions
By what percentage did Bitcoin increase on August 4?
Bitcoin rose 0.97% in a day, reaching a price of $115,043.90 on August 4.
What does Bitcoin surpassing the $115,000 mark mean?
This is a sign of a strong and stable upward trend in the cryptocurrency market.
What role does OKX play in Bitcoin trading?
OKX provides accurate price data and high liquidity, serving as a market guide.
What factors influence Bitcoin's price volatility when surpassing resistance levels?
Technical signals, market sentiment, and Whale trading volume are key factors.
Can Bitcoin maintain a price above $115,000 in the long run?
The ability to maintain depends on supply and demand factors, market news, and global economic developments.
Source: https://tintucbitcoin.com/bitcoin-vuot-moc-115-000-usd-hom-nay/
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