$BTC Bitcoin's price has recently seen a significant surge, surpassing the $115,000 mark. Analysts have predicted that the price could even reach $150,000. A major reason for this rally is the growing interest from institutional investors. Agreements between the United States and the United Kingdom have also had a positive impact on the market. The overall crypto market sentiment is positive, with an increase seen in the "Greed" index. According to experts, Bitcoin has formed a significant "cup and handle" pattern on technical charts, signaling a further bullish trend. The co-founder of CoinStash attributed this rise to the interest of institutional investors. While some analysts had previously expressed concerns about price volatility, the current momentum appears strong. However, the IMF has rejected a proposal for cheap electricity for crypto mining in Pakistan. Overall, the trend of global Bitcoin adoption is increasing.
Trading Signal:
Entry Price: $115,500 - $116,000
Stop Loss: $112,000
Take Profit: $125,000
