Bitcoin is attracting investor attention again, trading above $105,000 and nearing its historical high. Market indicators show strong bullish trends, although short-term corrections are expected.
Technical Indicators Support Bitcoin's Rise
Currently, Bitcoin is trading above the 50-day and 200-day moving averages, which maintains buying interest. According to Vincent Liu, CIO of Kronos Research, the growing institutional interest could lead to a new all-time high by 2025.
Macroeconomic Factors Fuel Price Surge
Positive news from U.S.-China trade negotiations has bolstered investor confidence. The reduction of tariffs on both sides alleviates pressure on the cryptocurrency market.
Institutional Interest and Future Projections
Continued capital inflows into spot Bitcoin ETFs and accumulation by large companies are expected to support the rally. Liu from Kronos Research highlights the importance of risk management ahead of upcoming U.S. inflation data.
Bitcoin is approximately 4% away from its all-time high, and investors are closely monitoring the technical and macroeconomic indicators that could lead to a new record.
