Bitcoin is near new all-time highs, and there are three big reasons why. Let's break them down.
1. 📜 Favorable Regulations
New, more open regulations in the U.S. are boosting investor confidence and creating a stable environment for crypto.
2. 💰 Crypto in 401(k)s
An executive order now allows cryptocurrencies in 401(k)s, integrating crypto into mainstream retirement planning.
3. 📉 Potential Interest Rate Cuts
Anticipation of future interest rate cuts is making riskier assets like Bitcoin more attractive to investors.
All these factors have contributed to sustained confidence among long-term holders.
Technical Insights
1. 1st Retracement: Towards the recent breakout area 118K$ to 120K$
2. 2nd support: Order Block, which is near 113K$ to 115K$
3. For medium-term support, Fibonacci Golden level around 108K$.
Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
1. 📜 Favorable Regulations
New, more open regulations in the U.S. are boosting investor confidence and creating a stable environment for crypto.
2. 💰 Crypto in 401(k)s
An executive order now allows cryptocurrencies in 401(k)s, integrating crypto into mainstream retirement planning.
3. 📉 Potential Interest Rate Cuts
Anticipation of future interest rate cuts is making riskier assets like Bitcoin more attractive to investors.
All these factors have contributed to sustained confidence among long-term holders.
Technical Insights
1. 1st Retracement: Towards the recent breakout area 118K$ to 120K$
2. 2nd support: Order Block, which is near 113K$ to 115K$
3. For medium-term support, Fibonacci Golden level around 108K$.
Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.