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Bitcoin (BTC) Price Could Soon Witness a Strong Jump & Hit $110K—Here’s Why
Bitcoin’s price is currently experiencing an upward pressure, which has led to the price falling below the psychological barrier at $105,000. Despite the markets attempting to revive momentum, external factors could trigger a 15% upswing in the BTC price rally. At the moment, Bitcoin is trading around $105K after dipping about 1.4% today following a peak of near $106.5K. The recent development of geopolitical tensions, particularly in the Middle East, and a cautious macroeconomic outlook have driven mild risk-off sentiment.
However, technical indicators like Bollinger Bands expansion and a positive MACD histogram are hinting at an impending surge in volatility that could propel a breakout. Can Bitcoin reclaim $108K?
Source: coinpedia.org
