$BTC The price of Bitcoin has recently risen to a record high exceeding $126,000, supported by hints from the U.S. Federal Reserve that further interest rate cuts may be on the way, along with increased ETF fund flows. However, the digital currency Bitcoin dropped to a level of $120,000 after a decline of 2.22% over the past 24 hours.
*Top news about Bitcoin:*
- *iShares Bitcoin Trust*: The iShares Bitcoin Trust from BlackRock generated fee revenue exceeding $25 million.
- *Spot Bitcoin funds*: U.S. spot Bitcoin funds recorded their second-highest weekly inflows to date.
- *Analysts' forecasts*: Analysts expect Bitcoin to continue rising to $150,000 after it hit a new all-time high ¹ ² ³.
*Technical analyses:*
- *Resistance level*: Traders are monitoring the $122,000 level, as it could be a key resistance level for the currency.
- *Support level*: In the event of a downturn, a level of $120,000 can be strong support for the currency ².
