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The price of Bitcoin exceeds $ 110,000 after having recorded its highest new levels. Can it reach $ 120,000 this month?

It seems that the launch of the latest Bitcoin price came with the support of the concerted factors of the smuggling of concerns concerning macroeconomic and renewable institutional investments and increasing the atmosphere of favorable risk.

Bitcoin's golden sun shines on the roof of a lake surrounded by trees and withdrawal

Main points:

  • Bitcoin Price succeeds in breaking its highest recorded levels after its launch of more than 40% in 6 weeks.
  • The calm of American trade tensions and commercial transactions has risen the investor’s appetite.
  • The continuation of additional investments in Bitcoin ETF suggests that the height wave has not yet reached a range.

Bitcoin-BTC managed to hack the highest previous levels, recording $ 111,861.22 at dawn today, crowning its solid departure which prompted it to increase by more than 40% in the last 6 weeks after the return of investments in the Circassian sector thanks to the decline in the gravity of American trade tensions; As increasing investments have received the FNB Bitcoin and the opening of speculative transactions on $ 1.2 billion, which suggests imminent and imminent events.

These rises Came after the Sudden Truce Regarding the Customs Definitions Between Washington and Beijing and Reaching A Limited Trade Agrement With the United Kingdom, Which Made the Overall Economy Prospects More Bright, Especially with the continuation of Bitcoin Etfs by withdraw The Bitcoin -Trading Supply and Concepting Open -Ending Deals to Decrease Around $ 108,000, which prompt many analysts to Expect the possibility of the possibility honoring these deals (Speculation the decline) quickly caused the BTC price to $ 120,000.

CRIPTO markets are launched on the impact of Trump’s commercial transactions

The positive impetus has increased after President Trump reduced his hostility to the definitions of customs in recent days, highlighting his opening to the conclusion of new commercial offers and reducing tensions with the main partners, to push this political change towards the opening of the appetite of investors for the risk, and to become bitcoin and prominent alternative currencies, the most important appeter of this transformation of this transformation directly. Previously, in May, the United States and China announced that it had concluded a bilateral agreement to temporarily reduce customs definitions on mutual goods, in an indication of the drop in trade tensions between the two countries.

The agreement was announced by a joint declaration in Geneva, which gives the two countries a period of 90 days to negotiate more economic cooperation. As a result, the United States will reduce customs prices on Chinese imports from 145% to 30%, while China reduces its counterpart on American products by 125% to 10%.

The United States and the United Kingdom have also announced – recently – that they have concluded an initial trade agreement under the name of “economic flocation”, with the aim of reducing customs prices and removing non -personalized bilateral barriers as well as improving access to markets in both countries and economic cooperation between them.

Blackrock (BlackRock) is taken into account the highest investments received at Bitcoin ETF

In Asia, investors with enormous wealth work to redirect their investments far from the tools associated with American dollars to gold, Chinese titles and digital assets, to strengthen regional interest in the outskirts of the sector.

Perhaps the main reason for launching the price of Bitcoin, recording its highest new levels, due to increasing purchase pressures on the instant Bitcoin markets, which included institutional markets and small investors, drawn by an immediate purchase, and not speculation. This was from the management of Ishares Bitcoin Trust (IBIT) – affiliated with BlackRock – which was taken into account with the highest net investments contained in Bitcoin ETF inside the United States since the middle of April.

While Galaxy digital analysts have underlined – in a recent memo – Bitcoin increasingly plans a digital value store, which corresponds to Jay Jay Jacobs’ comments – business responsible with compliance with BlackRock standards – which currently indicated the countries.

The current position of the market suggests the possibility of continuing to increase

The current market position supports the possibility that Bitcoin continues to increase after its success by installing its feet above $ 100,000 for almost two weeks, with a signal meaning recently almost $ 106,500 to a new historic strength teacher, because it has never been closed only in only 4 previous negotiation sessions, which suggests that its success by exceeding its previous previously recorded levels.

Coinglass data also shows speculative transactions on a drop of approximately $ 1.2 billion in a range of $ 107,000 to $ 108,000, which suggests that the continuous price of the increase could increase a wave of coercive liquidation for these open offers, you may pay to start with a power of $ 115,000.

While the investments received in the FNB Bitcoin continued to increase and its homologous ETFs) by acquiring a dynamic, the current position supports the possibility that the price of the BTC continues to increase, and the data on the distance show the increase in net investments received in Bitcoin ETF during the last 5 negotiation sessions, indicating the renewal of the confidence of the institutions.

Since May 14 at 20 of the same month, Bitcoin ETF has witnessed an additional net daily investment, except for a day, while the 19th – in particular – for its registration of huge investments worth $ 667.4 million, followed by $ 329.2 million in the twentieth of the same month.

These data suggest investor preparation for the current launch, which has most likely come in response to the improvement of macroeconomic factors and the increase in regulatory clarity, while analysts have warned the possibility of correction and cavity of profit. Until now, the rate of profit with unreasonable losses on blockchain without excessive contrast levels (currently with 99 out of 200).

In short, the BTC price scenario continues to record new higher levels that have its pillars. If the Bulls (speculators on the height) continue to resume the initiative and the macroeconomic conditions remain stable, in particular with the pressure on the federally to reduce interest rates due to the poor demand for long -term bonds, the price of bitcoin will become a sign of $ 120,000 a very realistic objective.

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The price of Bitcoin exceeds $ 110,000 after having recorded its highest level, so can it reach $ 120,000 this month? APPLERDIRST on Arab Cryptonews.

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