The price of Bitcoin-BTC has recorded its new highest level at $ 111,087 after its height at a rate of 3% in one day and the success of its movements recently by hacking the resistance barrier, which has long with a long time at $ 108,000, and Bitcoin could end its circulation above today due to the continuous price of the BTC to a channel emerging which can represent CRIPTO.
The indicators of the technical analysis reflect the extent of the start of the BTC price by force, because the MacD management line has just exceeded its counterpart to indicate with the continuation of the movement index so average of 50 days (EMA -50) – and it is currently stable at $ 96,956 – the height, in an indication of the enjoyment of long -term trajectory.
If the price succeeds in cohesion at the highest level of $ 113,369, it can continue to rise to the following resistance levels at $ 117,141 and $ 120,913 successively, but due to the price of the BTC price at the upper limit of this channel, the price correction can become a height of $ 108,000 to restore the time.
Regulatory laws strengthen investor confidence
The launch of Bitcoin is mainly due to the improvement of organizational conditions. Texas legislators have accepted the bill submitted to Senate No. 21, which will allow the State to establish a Bitcoin strategic reserve. Immediately after its approval to become a valid law, Texas will become the second American state after New Hampshire added a digital currency to the assets of its public budget, which will represent an important step in the path of Bitcoin recognition as a strategic asset in the origin of the Treasury.
On the other hand, Hong Kong adopted an important bill on stable currencies associated with the value of its monetary counterpart (FRS); The law includes licenses, compliance with the fight against money laundering (LMA), reserve management, and this law is likely to help attract institutional investments, as well as consolidate Bitcoin as a strategic and legal method within the global financial system.
These organizational developments will help relieve the lack of certainty linked to the sector, in addition to the increase in the adoption of digital currencies within the framework of the global financial system, which is extremely important to show them and attract investments in a sustainable manner.
The atmosphere of the macroeconomic economy improves the optimistic price of the price of bitcoin
The launch of Bitcoin occurred in the midst of the disruption of the atmosphere of traditional financial markets, because the auction of the US Treasury bonds increased bond yield for 20 years to exceed 5.1%, with the increase in returns of its counterpart for 10 years and 30 years; This led to the cause of bond market disturbances by transforming investors into Bitcoin in order to cover the disturbance of macroeconomic conditions, in the midst of continuous geopolitical tensions – such as customs duties and concerns related to the prices of traditional currencies – by contributing to the decline in the confidence of investors in monetary systems.
According to Caroline Bowler – BTC Markets – Investment institutions have started to “switch to digital assets”, to attract Bitcoin investments worth more than $ 27 billion since the beginning of May, after one of them speculated at high prices (using a financial lever) of $ 1.1 billion. Given the continuous reception of solid investments in Bitcoin ETF and continuous whales (senior investors) to buy, the price of the BTC is no longer the sign of $ 160,000 of a long -standing dream.
The BTCBLL subscription approaches its target of $ 7.1 million and the fascinating mortgage of 66%.
With the slight price of Bitcoin swinging around the level of $ 111,000, the investor’s attention quickly turned into alternative currencies with the most powerful ingredients of success, including the largest number of BTC Bull (BTCBLL), which managed to perceive $ 6.215 million in its funding target of 7.14 million, in the price abuse of abuse with the price of the suite.
The BTCBLL project is characterized by its unique yields, and its owners will receive free BTC distributions whenever the Bitcoin price is reaching a new benchmark. The higher the price, the higher the expected BTC sales, while prioritizing the supporters of the project during its currency subscription more than its investors after appearing on decentralized trading platforms (DEX).
Subscription data:
- The current result: $ 6,172, 195.39 of $ 7,135,435
- The current price: $ 0.002525
- Mortgage currencies: 1.47 billion currencies
- Mortgage feedback: 66% per year currently
In conclusion, it is likely that the deflationary currency mechanism constantly increases its price, the higher the BTC price by $ 50,000, the more a specific amount of BTCBLL currencies will be burned, which reduces supply and provides significant growth capacities for its long -term investors. In addition, the BTCBLL currency currently provides an annual turnover of 66% by mortgling it in the mortgage complex on Etheerium, knowing that 1.47 billion currencies have been mortgaged so far without periods of reservation or early withdrawal, allowing you to gain income without problem, with the possibility of withdrawing your observation each time you want.
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The expectations of Bitcoin prices after having recorded its highest level: what is the expected price of BTC price appeared first on Arab Cryptonews?