#BTC上攻11万
According to the latest search results, the possibility of Bitcoin (BTC) breaking through $110,000 is being seriously considered by market analysts and traders.
1. Market Sentiment and Predictions:
Multiple cryptocurrency traders believe that with the arrival of cycle lows, the “next round” could push Bitcoin prices up to $110,000.
Shiliang Tang, president of cryptocurrency trading firm Arbelos Markets, stated that buyers in the options market are purchasing call options spreads with strike prices of $110,000 to $120,000 and $110,000 to $125,000 expiring in January next year, indicating market expectations for further Bitcoin price increases.
2. Technical Analysis and Market Trends:
Bitcoin's price trend is about to close at historical highs on daily, weekly, and monthly charts, which is very bullish across all these time frames.
The liquidity index for Bitcoin suggests that by January 2025, the Bitcoin price may exceed $110,000.
3. Policy and Regulatory Environment:
After Trump wins the U.S. election, the market expects the implementation of policies favorable to the cryptocurrency industry, which is considered a significant factor in the surge of Bitcoin prices.
Trump's nomination of cryptocurrency supporter Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission (SEC) further enhances the market's confidence in future Bitcoin price increases.
4. Market Driving Factors:
MicroStrategy's inclusion in the Nasdaq 100 index and its continued purchase of Bitcoin in the open market has significantly favored Bitcoin's market dominance, allowing it to break its historical high and attract more capital from the market.
In summary, market analysis and trading activity indicate that the likelihood of Bitcoin breaking through $110,000 is increasing, particularly driven by the friendly policies that the Trump administration may implement and strong demand from institutional investors. However, there remains uncertainty in the market, and investors should closely monitor market dynamics and relevant policy changes.