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🚨The price of Bitcoin is currently trading at 🚀 $122,220.84, up 3.70% from the previous day. This rise comes after a series of positive movements for the cryptocurrency, with Bitcoin recording a new all-time high above $118,000 in July 2025. Institutional demand and supportive policies from the administration of President Donald Trump seem to contribute to driving the price of Bitcoin upwards ¹ ².
Bitcoin is currently holding just below $121,519, a key resistance level from the Fibonacci extension based on the trend. If Bitcoin closes above this level, the next target for the extension is $127,798, followed by $135,425. These are long-term predictions based on previous trend behavior.
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and breaks the $122,000 barrier, shattering all expectations!
Overall forecast:
The overall momentum analysis for BTC/USDT shows a tendency towards bullishness, but we must consider the volatile nature of the market.
Influencing factors:
Factors such as trading volume, news trends, and general market analysis should be considered.
Technical analysis:
Momentum indicators can be used to determine the strength of the current price movement, whether bullish or bearish.
Market analysis:
It is essential to follow expert and economic analyses, along with market indicators, to determine the overall trend of Bitcoin against the US dollar.
Details:
Bullish momentum:
If the bullish momentum continues, the price of BTC/USDT may see an increase in the coming period.
Bearish momentum:
If the bullish momentum weakens or turns into bearish momentum, the price of BTC/USDT may see a decrease.
Momentum indicators:
Momentum indicators help determine the strength of price movement, whether bullish or bearish.
Forecast:
Some forecasts show an increase in the price of Bitcoin, but this does not necessarily mean that the bullish momentum will continue.
Market analysis:
It is crucial to analyze the market as a whole, including trading volume and news trends, to determine the general trend of Bitcoin against the US dollar.
Tip:
Continuous analysis:
Investors should continuously monitor market movements and periodically analyze momentum to determine the best time to enter or exit the market.
Hedging:
Investors can use hedging tools to protect their investments from price fluctuations.
Consultation:
It is advisable to consult financial experts before making any investment decisions.
Note: This analysis is based on available information up to now and the situation may change over time.
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