đSince the approval of the Bitcoin ETF at the beginning of this year, a large amount of funds have poured into the encryption market, causing $BTC to break through the all-time high and directly reach 73,000 US dollars, and then began to fall back to the 60,000 range for price correction.
Until 9:30 pm on the 25th, $BTC began to rise strongly to 71,150 US dollarsđ”, and is now stable in the 70,000 US dollars range.
đ”The price trend of Bitcoin was mainly affected by the sudden announcement of an interest rate cut by the Swiss National Bank. The main interest rate was reduced by 25 basis points, which caused the Swiss franc to depreciate sharply against the US dollar and allowed the US dollar to strengthen again. It not only affected the New Taiwan dollar, the Japanese yen, etc., but also And affected the price trend of Bitcoin.
#æŻçčćž Where may the next target point beâ
đ”In addition to the previous high of $73,700, 10x Reaearch founder Markus Thielen released an analysis yesterday saying:
The price of $68,330 is critical for Bitcoin because it was the starting point the last time Bitcoin hit a new high.
If Bitcoin can hold firm at $68,330, a technical head and shoulders bottom pattern is expected to be formed, and Bitcoin will rush directly to the next all-time high target of $83,000, and even look at the $100,000 mark.
