Bitcoin has come back to the spotlight again by exceeding $ 116,000 and the emergence of several global factors which can combine their future characteristics; While Jerome Powell, head of the American federal reserve, has reduced interest rates, the Philippines seek to create strategic reserves of $ 1.1 billion Bitcoin, while the reliability of the sector was reinforced after the caribto-Wort of $ 72 million in Taiwan.
These developments put together the growing role of bitcoin in the global financial sector, whether as a tool for frustration or as an investment asset. Although the technical indications for price movements suggest that an imminent penetration can occur, traders are currently looking to reach a brand of $ 130,000 with more confidence.
The question of money laundering associated with Kreibo activities worth $ 72 million in Taiwan improves the reliability of the sector
The taiwanese public prosecution loaded with a group of 14 people, in what was described as the large money laundering resulting in the country, approximataly $ 72 million of digital currencies, and the group, led by shi qire, used two non -license trading platforms: “Cointhink Technology” to Defraud More than 1,500 people, where they were deposited, money in automatic exchange devices, and turned them into foreign currencies that have been used to buy active from Tether-wedt, to finally shoot them.
The authorities have confiscated millions of dollars, luxury cars, as well as Bitcoin sales. While the prosecutors demanded the confiscation of $ 39 million, Coinw denied his involvement in the case.
The case has revealed risks linked to fragile market control, which has made investors consider these strict measures as a positive step towards stronger regulatory trust which can represent lasting support for bitcoin.
Powell’s speech in the Jackson Hall hall ignites the start of the crack markets
Jerome Powell, the president of the Federal Reserve, at the Jackson Hole Forum, was rejected again by the atmosphere of optimism when he referred to an expected reduction in interest rates, which indicates that emergency variables can “require a modification of policies” as he said, which encourages the markets to increase their expectations by reducing interest rates next September 90%.
This LED to the Start of the Bitcoin Currency Price from $ 112,000, Exceding $ 114,700 in a few minutes, While the Price of Ethereum-Eth Jumped by 7%, Recording $ 4.600, and alternative Currencies-Including the Solana-Sol Coin and the Dujakin Coin Achieved (Dogecoin-Dog) And Ripple-Xrp-Gains of 6% After the Market Passed by a Strong Selling Wave Earlier This Week, but Powell Powells transformed the atmosphere of investors in general into positive.
It is known for the role of reducing interest rates in moving liquidity to the Chipto markets, and therefore the increase in digital currencies, which are now expected.
The Philippines aspire to a national Bitcoin stock with 10,000 BTC currencies
Other important developments came from the Philippine capital, Manila, where Philippine legislators submitted a bill to create a strategic reserve which includes 10,000 Bitcoin currencies of $ 1.1 billion according to current prices, and the plan indicates that the Central Bank Philippine buys 2000 Bitcoin (Bitcoin) each year for a period of 5 years, and kept them as a 20 -year deposit.
The Migz Villaferte representative described Bitcoin as “digital gold”, highlighting its ability to improve the country’s financial security. In the event that the proposal is approved, the Bitcoin Bitcoin goods will compete with its counterpart in the Kingdom of Boutan, which maintains 10,565 BTC currencies, and the Al-Salvador property of 6,276 pieces exceed, in a decision that traders who are based on institutional adoption considered a positive meaning.
Bitcoin Price – Technical look
The expectations of Bitcoin prices appear in the predictable range, because the graphic table appears below as a battlefield between buyers and sellers.
After the shift continued in a channel descending since mid-August, the price of the Bitcoin currency increased strongly on the level of support of $ 112,000 to regain its location in the average average SIA index of a stable of 50 days (EMA-50) at $ 115,578, and for an era at $ 117,000 at $ 117,000 in an attempt to permission Canal.
Thus, the harmonic model model from $ 124,450 to $ 10,150 confirmed the possibility of recent fluctuations, while the last emerging trading candle around the level of the sustained hammer model, followed by green candles which can develop towards the formation of the “three white soldiers” model which calls for optimism if the momentum continues. On the other hand, the relative power index (RSI) has increased to indicate 55, and the MacD index shows an ascending intersection with graphic strips, which both improve positive expectations.
If the price of the Bitcoin currency enters the barrier of $ 117,000 and succeeds in cohesion at the top of $ 119,000, the following objectives will be concentrated at 121,800 and 124400 $, and it should pay its penetration to evolve around $ 1,27,500 and perhaps $ 130,000 in the coming months. On the negative side, it represents $ 113,500 and $ 112,000 in main levels of support.
Trading plan proposed by Bitcoin (Bitcoin)
The entry can be envisaged with the highest level of $ 116,200 with an order to stop losses less than $ 112,000 as a balance plan between risks and gains. If the climbing scenarios are confirmed, the Bitcoin (Bitcoin) price can start around $ 124,400 and perhaps $ 130,000 with an increasing positive dynamic during the rest of 2025.
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The expectations of Bitcoin-BTC Bitcoin-BTC prices: Powell to reduce interest, the Taiwanese examination and the Philippin plan linked to the possession of 10,000 BTC currencies attracting the destination of currencies around $ 130,000 appeared first on Arab Cryptonews.