📢 Bitcoin is witnessing a strong upward wave this month following former President Donald Trump's decision to allow the use of cryptocurrencies, led by $BTC , in American retirement plans.
The decision was followed by more than $260 million injected into the market, along with the announcement of a Bullish (cryptocurrency trading platform) public offering on the NYSE worth $1 billion, which enhances institutional confidence in the #bitcoin .
---
📊 Bullish scenario: Closing a 4-hour candle above $120,500 could push towards $122,000 and then $125,000.
Bearish scenario: Breaking below $118,250 could drop the price to $117,800 and then $116,500.
---
✅ Positives of the news:
Clear political support from an influential figure in the American market.
Massive institutional funds entered right after the decision.
A major financial event (IPO of $1 billion) enhances liquidity.
⚠️ Negatives of the news:
Rapid rise may be followed by a strong correction.
The market relies heavily on the momentum of political news.