Today we will talk a little about Bitcoin $BTC
It has been experiencing an upward movement lately, although its price fluctuations may not help in making significant profits in the short term.
After surpassing the resistance level of 95,000, some optimistic experts believe that its price could break the 100,000 barrier.
In my personal opinion, this is somewhat difficult at the moment due to profit-taking sales.
Meanwhile, the support level (in case of a drop) could range between 88,000 and 85,000.
Among the main reasons for this rise:
- Suspension of Trump's tariff duties.
- Allowing the trading of currency $BTC in global exchanges for traditional traders.
- A buying movement for $BTC from institutions to establish a reserve of this currency, as a reliable alternative.
In conclusion, traditional currencies remain more reliable even though they do not offer quick profits, especially for traders with small capital.