#BTCBreaksATH110K

✍ Bitcoin (BTC) achieves a new record by reaching $110,000, surpassing its previous all-time high.

What happened?

In the trading of early today, the price of Bitcoin broke the $110K barrier for the first time.

This rise was driven by factors such as:

- Continued inflow of institutional investments.

- Weakness of the US dollar.

- Reduced supply after the last Halving event.

- Positive expectations from major global banks.

Market reaction:

- Alternative currencies (Altcoins) experienced rapid fluctuations between rises and corrections.

- Significant increase in trading volumes on global exchanges.

- Return of momentum to the community of traders and individual investors.

Simplified analysis:

- Bitcoin surpassing $110K could indicate the beginning of a new price phase (Price Discovery).

- Despite the joy, analysts warn of the possibility of a price correction (profit-taking).

- Emotional control and risk management have become more important than ever.

✍️ Advice for new traders:

- Do not enter the market out of fear of missing out (FOMO).

- Observe carefully, and study support and resistance points before making a decision.