CandleFocus

Bitcoin Makes History With First Daily Close Above $100K

Bitcoin has achieved its first daily close above $100,000, indicating strong momentum and potentially offering more price stability. Analysts predict further upside potential for Bitcoin, with some projecting a price of $125,000 in 2024 and $200,000 by the end of 2025. Various factors, such as countries easing rate hikes and Donald Trump's pro-crypto stance, are aligning in favor of the crypto industry. Iran has also revealed plans to support the growth of the industry. Bitcoin is currently trading around $99,500 and it remains to be seen how these factors will impact its future performance.

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