Bitcoin reached a staggering $87,000 today! Just last week it was hovering around $84,000, and today it suddenly surged. Who is really behind this? Can ordinary people still get on board?
This week, the US dollar index fell below the 99 mark, hitting a three-year low. The weaker the dollar, the more global funds seek 'anti-dip assets'—gold surged to a historic high of $3,370, and Bitcoin followed suit.
After fluctuating around $84,000 and attracting short sellers to bet against it, today a large bullish candle broke through the key level of $86,000, directly triggering short stop-loss orders, leaving short sellers in ruins.
Historical patterns show that after gold hits a new high, Bitcoin also tends to break its previous high within 100-150 days. With gold now at $3,370, at this pace, Bitcoin could reach $100,000 before July. But remember: if the dollar suddenly rebounds, both of these assets will take a hit.