Today, the value of Bitcoin reached a new all-time high of over $106,400. This represents a 148% increase from the beginning of the year and a 15% increase from a month ago. The significant growth of Bitcoin this year is not solely due to recent events, as the value had already reached new all-time highs earlier in the year. Trump's victory in the presidential elections played a key role in driving Bitcoin's value up. After a brief correction, Bitcoin surpassed $100,000 on December 5. Yesterday, Bitcoin began rising again, potentially signaling a new bull phase. The spike in value coincided with the reopening of the Tokyo stock exchange, suggesting a possible connection. However, the Chinese stock exchanges later showed a decline, causing the price of Bitcoin to fall below $104,000. Positive news for Bitcoin came from the USA over the weekend, indicating that the US markets may be ready to price in the increase in Bitcoin's value. The next reference points for Bitcoin's value could be $110,000 or potentially $120,000. In the second half of December, selling pressure tends to decrease during bull phases as investors prefer to postpone sales to pay taxes on capital gains a year later. The reopening of American markets after the weekend will provide further insights into whether this spike is an exception or the beginning of a new bull phase.



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