BITCOIN: The Magic Internet Money š„šš
Bitcoin's journey from being dubbed "magic internet money" to surpassing the $100,000 mark is nothing short of legendary. Remember when someone bought pizza with Bitcoin? Now, it's a heavyweight in the financial world.
At the time of writing, Bitcoin is trading at around $98,604, showing a slight uptick of about 1.3% over the past 24 hours.
Recently, the crypto market took a hit after former President Trump announced new tariffs on imports from Canada, Mexico, and China, leading to a massive $2 billion liquidation. Bitcoin dipped by 7.5% to $91,969, while Ethereum saw a sharper decline of 20.1%, landing at $2,510.
On the technical side, Bitcoin is facing some hurdles. There's significant resistance around the $97,700 to $97,800 range, which it needs to clear to make a solid push towards $100,000. If it manages to break through this barrier, the next major resistance levels are at $105,800 and $108,000.
However, if Bitcoin slips below the $92,000 mark, it could be in for a drop to around $70,000.
Looking ahead, some analysts are optimistic, predicting that Bitcoin could reach $170,000 by 2025 and potentially soar past $600,000 by 2030.
In the meantime, the market is buzzing with debates about Bitcoin's future and its role in reshaping the financial landscape. Whether you're a seasoned trader or just curious, it's clear that Bitcoin's story is far from over.
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