The next significant price level for Bitcoin$BTC is $110,000, where market dynamics could amplify price movements.
What to know:
• Bitcoin's$BTC daily candle closed at a record high of $106,830 amid increased investment in spot ETFs.
• Concerns over fiscal health in major economies, including the U.S., are bullish for BTC and gold.
• The next significant price level for Bitcoin is $110,000, where market dynamics could amplify price movements.
✓Although bitcoin$BTC (BTC) can be traded 24/7 its candles open and close daily similar to foreign exchange markets. The latest data from TradingView shows Tuesday's candle ended (UTC) at $106,830, the highest-ever daily closing price.
✓The bullish move came as investors poured money into the spot exchange-traded funds (ETFs) amid chaotic price action in bond markets that suggested heightened concerns about the fiscal health of major economies, including the U.S.
