$BTC achieved new ETH, 117k3. Is there an uptrend?
📌 Reasons for the strong ATH increase today
- Maintaining long-term trend: key 'dovish' policy signals from the Fed + expectations of interest rate cuts driving 'risk-on' money into Bitcoin De
- Shortage of immediate supply: BTC on exchanges significantly decreased, low liquidity of BTC pushing prices to continue rising.
- ETFs continue to invest heavily: over 50 billion USD raised net, creating strong momentum according to technical analysis patterns aiming towards ~117k–123k.
📈 Assessment & next trend
- Breakout confirmation: technically, leaning towards continued upward trend with short-term target of 117k–123k.