BTC Surge Revealed! $100,000 is just a small trial!
Bitcoin easily crosses the $100,000 threshold! 7% in three days, and today another 4%, zooming to $104,630! Although it slightly retraced to $101,132, the cryptocurrency circle is already ecstatic, and the bull market's flag is flying high! Why is Bitcoin soaring again?
Fear and Greed Index, 84 points! The wallets in the market are all itching to buy! However, Bitcoin, you need to steady yourself; there aren’t any moving averages to back you up here.
RSI is already at 76.41, and the bulls are going all out in this sprint! But don’t rush; going up further means entering the overbought zone, so take it easy. The ADX is only at 17.57, but at least it has gone up. In the past 24 hours, Bitcoin's trading volume surged by 35%, and in the last hour, it exploded with nearly $100 billion in transactions! The entire cryptocurrency market cap has also risen, reaching $3.69 trillion, up by 4.97%! Although Bitcoin only accounts for 55.5%, the forces pushing it up are significant!
President Trump, the super fan of cryptocurrency? After the U.S. elections, the cryptocurrency market is on fire, with Bitcoin and various altcoins skyrocketing in price. Trump even wants to bring cryptocurrency supporters into the government, and now the atmosphere in the community is electrifying!
Bitcoin has broken $100,000; how far can altcoins be? Today's Bitcoin rise is not due to a single factor but a result of multiple forces working together. While some predict that BTC will soon reach the $120,000 threshold, the rising RSI also indicates that prices need to take a breather. The market loves to play this heart-pounding game.
In just the past hour, over $130 million in funds were liquidated, mostly the “bloody tears” of short sellers. The market may take a step back to test support levels; if it can’t hold, the price might perform a “free fall.” Of course, a Bitcoin ETF could also attract a massive influx of funds, but investors, take it easy, don’t get carried away!
Brother Chuang shares daily strategies and fresh insights with fans;
Follow me, and not only will you become a winner in investments, but also an expert!
