The price of Bitcoin has risen significantly recently. According to the latest updates, the price of Bitcoin reached around $117,746.62, an increase of 6.35% from the previous price. This rise comes as Bitcoin continues to trade as one of the most prominent forms of modern trading, where buying and selling can occur around the clock on multiple platforms worldwide ¹.

*Factors Influencing the Price of Bitcoin:*

- *Supply and Demand*: The price of Bitcoin is affected by the balance between supply and demand in the market.

- *Technical Analysis*: Analysts use charts and technical models to determine future trends for the price of Bitcoin.

- *News and Policies*: Economic news and monetary policies impact the volatility of Bitcoin's price.

*Analysts' Predictions:*

- Some analysts believe that Bitcoin may face resistance at certain levels, such as $110,026.5, which could lead to a downward correction.

- Meanwhile, others expect the rise to continue towards higher levels, such as $120,000 or more ².

*Market Indicators:*

- *Market Capitalization*: The market capitalization of Bitcoin reached approximately $2.35 trillion.

- *Trading Volume*: The daily trading volume of Bitcoin was about $97.46 billion ².#BinanceTurns8