Bitcoin (BTC) is currently trading at $106,629.51, with a rise of 1.07% compared to the previous price. In the last 24 hours, the price ranged between $104,494.53 and $107,262.31. The cryptocurrency had a price variation of 1.48% in the last 30 days and 59.62% in the last 12 months.
*Factors Influencing BTC's Rise:*
- *Approval of regulatory framework*: The possibility of approving a regulatory framework for digital assets in the US is pointed out as one of the reasons for Bitcoin's good performance.
- *Launch of the bitcoin ETF*: The success of the launch of the spot bitcoin ETF in the US also contributed to the price increase.
- *Involvement of financial institutions*: The greater involvement of traditional financial institutions in the cryptocurrency market is also an important factor ¹.
*Market Analysis:*
- *Support and resistance*: The price of Bitcoin found support at $106,900 and is targeting $110,800.
- *Volatility*: The Bollinger Bands show a resumption of volatility, indicating greater buying interest after the recent pullback.
- *Trend*: The current trend is neutral, but some analysts forecast a rise to $130,000 or more ².
*Brazilian Investors:*
- *Withdrawals*: Brazilian investors redeemed over R$ 10 million in cryptocurrency funds after Bitcoin's rise.
- *Investments*: For the annual total, Brazil sums $66 million in investments, with a total of assets under management of $1.55 billion.
