#Bitcoin breaks $104,000#
Hot Topic Overview
Overview
Bitcoin price continues to rise, breaking through US$104,000, with a 24-hour increase of 6.09%. Previously, Bitcoin price had already broken through US$103,000 and had fallen back at one point, eventually breaking through a new high under the stimulus of Trump's inauguration. Currently, the market is focused on whether it can break through the previous high of US$102,500 to confirm a new upward trend. If not, Bitcoin prices could fall back.
Ace Hot Topic Analysis
Analysis
Bitcoin prices continue to rise, breaking through $104,000, with a 24-hour gain of 6.09%. Currently, Bitcoin has broken through the $103,000 mark and continues to advance to higher points. Analysts point out that clearing the previous high of $102,500 would confirm the new uptrend and pave the way for a retest of the all-time high. However, failure to break $102,500 could see Bitcoin pull back. The Trump inauguration ceremony is clearly the biggest catalyst that helped Bitcoin break the deadlock with its speed. Currently, the market's focus is on the annual high below 103K, a break above which would create a new higher high.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin breaks $104,000, hits new all-time high, up over 6% in 24 hours
Trump's inauguration may be the key factor driving Bitcoin's breakthrough
Bitcoin needs to break through the previous high of $102,500 to confirm a new upward trend
If Bitcoin fails to break through $102,500, it may fall back to around $102,000