Bitcoin has finally broken free. Will it reach the $100,000 milestone in the future?
Today, Bitcoin has a strong momentum and successfully broke through the key point of $65,000, and further moved towards the goal of $66,000, even reaching a high of $66,666. So, what factors have driven Bitcoin to break through the previous resistance level and reach this new price level?
Previously, Bitcoin hovered in the range of $60,000 to $64,000 for a long time, which undoubtedly brought great anxiety to investors. The long-term shock has complicated market sentiment, and many investors have even developed pessimism. However, the mainstream view of the market is still bullish on Bitcoin. Once the market shows signs of rising, investors will quickly adjust their strategies from shorts to longs, thereby quickly reversing market sentiment. As the market continues to rise, new investors will continue to pour into the market, injecting more vitality into the market.
It is worth noting that the data recently released by the Federal Reserve shows that inflation in the United States has begun to slow down. This news is undoubtedly a good thing for the Bitcoin market. Analyst Owen Lau pointed out that the lower-than-expected CPI data increased the possibility of the Federal Reserve cutting interest rates, which could create favorable conditions for further increases in Bitcoin prices. Although the specific timing and extent of the rate cuts are still uncertain, investors' confidence in Bitcoin has begun to recover, and more funds have begun to flow into the Bitcoin spot ETF market.
The Bitcoin ETF market has also recently ushered in a large inflow of funds. According to Odaily Planet Daily, two investment institutions, Schonfeld and Millenium, have invested more than $2.4 billion in Bitcoin spot ETFs. Among them, Millenium ranked first in the investment share of each category, and Schonfeld followed closely. The investment behavior of these two institutions not only shows their confidence in the Bitcoin market, but also further proves the attractiveness of Bitcoin as an investment asset.
Considering market sentiment, capital inflows and external policy factors, Bitcoin's upward momentum seems unstoppable. If Bitcoin can successfully stand above $66,000, it seems only a matter of time before it hits the $100,000 target.Ares believes that the realization of this goal will not be too far away.
Ares has also been ambushing a currency that is about to explode recently, with a short-term return of 30% and a long-term return of about 5-8 times. As I said before, if you take the initiative to find me, I will take you ashore, and you just lie down.
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Ares will not let my fans miss out in this bull market! This is the truth
