---
Bitcoin has surpassed $97,000 and is rapidly approaching the symbolic mark of $100,000. Is this increase sustainable or are we facing a bubble about to burst?
What is driving this increase?
The rise of Bitcoin is due to several key factors:
Pro-crypto policies in the U.S.: The Trump administration has taken a favorable stance towards cryptocurrencies, including the proposal to establish a Strategic Reserve of Bitcoin.
Institutional interest: Companies like Strategy (formerly MicroStrategy) have increased their investments in Bitcoin, and banks like Morgan Stanley plan to offer cryptocurrency trading on their platforms.
Positive technical analysis: Bitcoin has broken recent bearish patterns, and analysts point to resistance levels at $100,000 and $107,000, with support at $92,000 and $85,000.
What do the experts say?
Projections vary:
Standard Chartered predicts that Bitcoin will reach $120,000 in the second quarter of 2025.
CoinMarketCap suggests a possible peak of $275,000 by November 2025.
However, some analysts warn of potential corrections, especially if liquidity conditions tighten or if government policies change.
What does this mean for investors?
Bitcoin's upward trend reflects a growing recognition of cryptocurrencies as legitimate assets. However, the inherent volatility of the crypto market requires caution. It is essential to stay informed and consider risk management strategies when investing in this dynamic space.
---
---
#StrategicBTCReserve #Trump100Days #BTCRebound #Venezuelacripto $BTC $BNB $WLD
