🚀 $BTC reaches a new all-time high of $124,480 driven by expectations of rate cuts
Current price and clear technical structure
Bitcoin trades near $124,480, after breaking its previous record, in a favorable macroeconomic environment marked by expectations of rate cuts and a weakening dollar.
Key factors
The dollar weakens, while optimism for rate cuts grows, favoring risk assets like BTC.
BTC surpasses $124K and reaches a new record after regulatory changes and increasing institutional adoption.
Technical level of the day
Key support: $120,000
Current resistance: $124,500 (new high)
Critical zone: maintaining this level could trigger a rise towards $130 K+.
Macro / institutional outlook
The combination of a looser monetary climate, regulatory support, and institutional capital inflow reinforces the narrative of Bitcoin as a digital store of value; it positions it better compared to gold and other alternatives.
Do you think $BTC will reach $130 K before the end of the month, or will this record mark the ceiling? Comment your bet below.
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