Bitcoin in Bullish Trend: Heading Towards $200,000?
Bitcoin (BTC) is showing clear signs of strength in the market! 🔥
According to analysts, the price of BTC may break important resistances in the coming weeks, with the potential to reach the historic mark of $200,000 as early as 2025.
🟠 Factors driving this increase:
Growth in institutional interest 💼
Reduction in supply after the 2024 halving 🔗
Growing adoption as a store of value in countries with high inflation 🌍
Bitcoin (BTC) continues to be the leading cryptocurrency as a store of value, primarily used as protection against inflation. Meanwhile, Ethereum (ETH) stands out as a platform for smart contracts and decentralized applications, leading areas such as DeFi and NFTs.
While BTC attracts conservative investors, ETH draws attention for its innovation. Both remain strong in the market but serve different functions: Bitcoin as 'digital gold' and Ethereum as the foundation of Web3.
Analysis of the pair $BTC /USDT Today Bitcoin showed an interesting movement, oscillating between quite relevant support and resistance zones. On the 4h chart, I noticed strong support around $66,000, while resistance remains firm close to $70,000. Using moving averages and RSI, I perceive that BTC still has room for correction before resuming a stronger upward trend.
My current strategy is to watch for possible short entries with a tight stop below the support. Volatility remains high, so risk management is essential. In the long term, I remain optimistic about BTC due to the growing institutional interest.
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Bitcoin surpasses US$ 100$BTC billion, driven by regulatory advances in the US and a truce in tensions with China. Market reacts with euphoria and new all-time highs.
EOS leads gains among altcoins! Today, the cryptocurrency EOS surprised the market with an appreciation of over 11%, being traded at US$ 0,7984. This jump places EOS as the best-performing altcoin of the day, reflecting a strong upward movement amid a general rally in the crypto market.