š Bitcoin Nears All-Time High, Faces Resistance
Bitcoin recently surged to aroundĀ $110K, just shy of itsĀ all-time high (~$112K), but has slightly pulled back as resistance kicks in.
š Quick Highlights:
Current Price: ~$109.5K
Resistance Level: ~$112K
Support Zone: ~$105K
š Whatās Driving the Move?
Strong ETF inflowsĀ continue to push demand.
Institutional interestĀ is growing fast.
Paul Tudor Jones, a top investor, says Bitcoin belongs in every portfolio due to rising U.S. debt and inflation risks.
š¢ Corporate & Miner Activity
More companies are adding $BTC to their balance sheets.
Mining firmĀ CanaanĀ hit a record with 109 $BTC mined in May.
š¬ Final Take
Bitcoin is close to breaking its record, but resistance remains. A breakout or pullbackāeither is possible in the short term.
Whatās your prediction?Ā Letās discuss below.
#Bitcoin #BTC #CryptoNews #BinanceSquare
Will Bitcoin cross 110,000 to 115000$?