Bitcoin price hits new record high
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Bitcoin's BTC $110,770.05 spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000. That's the message from the daily price chart of BlackRock's Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag breakout.
All things considered, the ARK 21Shares Bitcoin ETF will follow Bitcoin's price trends very faithfully over the next five years. The period includes another halving of Bitcoin mining rewards in 2028, and the quantum computing threat is many years away from becoming a real concern.
Bitcoin price stabilizes around 111,000 on Thursday after hitting a record high of nearly $112,000 the previous day. Fed Minutes spark renewed risk-on sentiment as it showed officials foresee interest rate cuts later this year, boosting momentum across markets.
Shiba Inu rally shows strength with breakout above key resistance. Rising volume and bullish momentum hint at more upside for SHIB in the coming days.
In summary, Bitcoin currently stands at a critical juncture, held up by solid support while technical signals point to hesitation above resistance. The convergence of technical setups and broader market sentiment sets the stage for a potentially decisive move in July, one that could define the next chapter of its price trajectory.
Traders on the Myriad prediction market are split as momentum wanes and resistance looms just above the $109K price mark for Bitcoin.
Key Takeaways DeepSeek is an AI tool that uses real-time data, blockchain, and history to forecast Bitcoin trends.It doesn't predict exact prices but offers ins
Find expert Bitcoin (BTC) price predictions for 2025, 2026 and 2030. See key drivers, potential risks, analyst insights and future BTC outlook.
Bitcoin faces challenges but remains supported by strong ETF inflows and a key demand zone, offering hope for a potential breakout in July.