$BTC

The current price is approximately $118,625, with a decrease of about -1.9% from the previous close. The daily range is between $117,982 – $124,234.

It recorded a new all-time high (ATH) of over $124,000, supported by a convergence of bullish factors such as expected interest rate cuts, attracting institutional investments, and progress in regulatory legislation.

The decision to include cryptocurrencies in retirement plans (401(k)) contributed to accelerating the flow of investments and increasing institutional demand.

The decline of the US dollar, driven by expectations of interest rate cuts from the Federal Reserve, has helped enhance the appeal of BTC as a risk asset.

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Technical Analysis and Predictions

Bullish Recommendations: If BTC continues to hold above levels of $125,000, it may head towards $150,000, and possibly exceed that in a strong bullish scenario.

Analysis from trader perspectives (Rosenberg Research) indicates resistance at $114,000, and they expect a potential rise to $143,000 (~25%), supported by institutional forces and easing monetary policies.

Technical reports suggest that BTC is trending on the monthly chart and continues to pressure levels above $120K, with strong upward momentum supported by long-term structural factors such as limited supply and ongoing demand.

Despite the momentum, there are calls for caution: the trend may be within a sideways or corrective range before a clear breakout to the upside. Strong support levels at $115,000 – $110,000 should be monitored.