What's up, my people! Listen to this: Bitcoin has taken a big leap. It went from being at 112 thousand dollars to flirting with 114 thousand, almost 115 thousand! But there's a number that has everyone on edge, and that number is 118,000 dollars.
Why is this number so important? Because according to an analyst who is very clear on this, Ali Martínez, if Bitcoin does not break that barrier, its advance is not confirmed and it could get stuck. It's like a final exam that it has to pass to move on to the next level, meaning, a new historical record.
But, what is moving the market? It turns out that the very head of the Federal Reserve, Jerome Powell, dropped the bomb that he could lower interest rates in September. Aha! And if interest rates go down, money moves more easily, people are encouraged to invest, and riskier assets, like cryptocurrencies, get hotter than the Caribbean weather. 🔥
Watch out, because not everything is a party. While the price rises, Bitcoin ETFs in the United States are losing investors. In a week, more than 1.17 billion dollars have left these funds. This makes some think that big investors are moving away from Bitcoin and going to altcoins (the other cryptos) like Ethereum, which is also on fire.
Despite that, the atmosphere is one of optimism. Other analysts like Captain Faibik believe that if Bitcoin stays above 114 thousand dollars, 118 thousand is just a matter of time.
And the most optimistic of all, CryptoELITES, dared to say that Bitcoin could reach 260 thousand dollars in the future. Can you imagine that! 🤯
In summary: Bitcoin is at a decisive moment. The Federal Reserve's policy is giving it a push, but it needs to overcome the resistance of 118 thousand dollars for the real party to begin. The game is between the fear of those who are leaving and the ambition of those who bet that Bitcoin has no ceiling.
Will Bitcoin manage to break that barrier and start its race towards a new historical record, or will it remain stuck in this limbo? Stay tuned, because the next few days will be key.$BTC
