đ #BTCOutlook Whatâs Next for Bitcoin?
Bitcoin has recently surpassed the $100,000 milestone, currently trading around $97,000.
The market sentiment is cautiously optimistic, with recent developments influencing the landscape:
⢠Macro Trends: The U.S. Federal Reserveâs recent policy announcements have introduced volatility in the crypto markets, impacting Bitcoinâs price movements. ďżź
⢠Technical Levels: After reaching an all-time high of over $108,000, Bitcoin experienced a correction, dropping below $93,000 before stabilizing around $97,000. ￟
⢠Adoption & Innovation: MicroStrategyâs inclusion in the Nasdaq 100, driven by its substantial Bitcoin holdings, underscores growing institutional adoption. ďżź
As Bitcoin consolidates its position above $100,000, the market is watching closely to see if it will maintain this support level or face further corrections.
What are your thoughts on Bitcoinâs trajectory? Share your insights below! đŁď¸