Attention, my people! 📣 Bitcoin is on fire and has everyone on edge. After a busy weekend, the price of this giant crypto is dancing between the hope of a new historical record and the fear of a slip.
Bitcoin (BTC) has been on a roller coaster. It recovered a bit after a drop over the weekend that took it to $111,965, can you believe it? 📉 That drop was felt after the U.S. employment data came out, making people tremble with the possibility of a recession. In just a blink, that fall wiped out about $670 million in futures, most of which were betting it would go up! 😱
Despite rising 1% in the last 24 hours, BTC is still down 3% on the week. Such is the life of a crypto investor, my friend!
Now, the experts' eyes are on two magic numbers: $114,800 and $116,800. According to analyst Michaël van de Poppe, if Bitcoin manages to break those barriers, it would have a clear path to a new historical record of $119,500! 🚀 But be careful, if it doesn't break through, it could return to the $110,000-$112,000 zone, where many expect buyers to jump in.
As if that weren't enough, fellow Ted, another expert, tells us that there's a gap in the futures market (CME) between $113,500 and $114,000, and those gaps almost always get filled! This means we could see a slight dip before things get good again. 📉
And to add more drama, Daan Crypto Trades reminds us that the first week of each month tends to be key for Bitcoin, with strong movements. And with mining difficulty at a new record of 127.6 trillion, the network is stronger than ever! 💪
But not everything is rosy. Robert Kiyosaki, the famous author of "Rich Dad, Poor Dad", is proceeding with caution, suggesting that Bitcoin could drop to $90,000, citing the history of sharp declines in August! 😮 So, my people, things are heating up. Will we see a new peak or a lower floor? Stay alert!$BTC
