Bitcoin (BTC) approaches the historical maxims. (ChatgPT Image)
THE Bitcoin (BTC) Won the spotlight in recent days, not only for overcoming the psychological level of the $ 100,000, but also because it is a jump of approximately 4% of your historical price maximsfrom $ 109,114.88.
Although 4% appreciation is relatively easy for a cryptocurrencythere are some barriers to be overcome before new historical maxims.
First of all, you need to understand what led Bitcoin to that level.
“The BTC approached its historical maxim, driven by continuous institutional adoption, evidenced by significant acquisitions of companies such as Microstrategy, Metaplanet and Méliuz here in Brazil. The inclusion of coinbase in the S&P 500 index also reinforces the legitimacy of the crypto market,” he explains, “explains, explains,” Theodoro Fleury, manager and director of investments at QR Asset Management.
Already for André Franco, CEO of Boost Research, The macroeconomic scenario is positive for a series of reasons. “Tariffs in the United States took a 90 -day break, the scenario of interest rates should still happen this year, and the US regulatory issue is doing very well, including with the Genius Act approval”.
In other words, the macroeconomic scenario is quite favorable to the largest cryptocurrency in the world, so it is not something that “missing” for Bitcoin to look for higher prices.
Thus, Franco explains that, in this context, Bitcoin has a period of 90 days to reach new maximums.
Bitcoin (BTC) from now on
Who makes observations from the most technical point of view and looking at the prices of Bitcoin is Guilherme Prado, Bitget Manager in Brazil. “The BTC remains within a medium -term ascending channel, but faces significant resistance in the $ 107,000 range,” he says.
He explains that the $ 102,000 region has been shown to be critical support, and its maintenance will be critical to avoid more pronounced correction.
To Meadowrecent settlements of more than $ 675 million created “liquidity zones” – that is, support levels and price resistance tops – at the levels of $ 102,000 and $ 107,000.
“If the current support is sustained, Bitcoin can resume the attempt to break the resistance, initially aiming at the historical maximum of $ 109,000,” he explains. “A successful break would make room for new targets at $ 122,000 and $ 124,000as designed by technical analysts. ”
The stones on the way
However, the three executives have “cautious optimism” in market jargon for the price of Bitcoin.
“The global macroeconomic scenario presents challenges that limit this advance [do preço do bitcoin]how was the relegation of the rating US credit from Moody’s, from AAA to AA1, due to increased federal debt and persistent deficits’, explains Fleury, from QR Asset Management.
For him, there is still a lot of uncertainty in the global macroeconomic environment, creating a context of volatility that influences traditional and cryptors markets.
On the other side, Franco, from Boost Researchbelieves that for the market to have “that good forgiveness”, only a closer interest cutting scenario. Remembering that the expectation of the market is that the cuts start in September this year.
“If there was an advance for June, or even any period before September, it would be the potential to have a good BTC lost.”
Finally, Prado, from Bitgethe points out that a possible loss of support from US $ 102,000 can trigger more intense correction movements, especially if the institutional flow retreats or if new macroeconomic shocks appear on the radar.
“In short, the moment requires extra attention from investors, who should closely monitor both technical indicators and macroeconomic consequences.”
It is worth mentioning that the cryptocurrency market is highly volatile and the investor must keep a portfolio responsible for its portfolio in digital assets.
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
