The current situation summarized #BTC

Bitcoin seeks to consolidate gains after reaching a new all-time high of around $125,000.
However, it faces strong resistance and is currently trying to stay above important support levels.
Some analysts see the possibility of forming a "Bull Trap" ( if resistance is broken and then the direction reverses quickly.
In contrast, significant investment flows into Bitcoin )ETFs( indicate strong institutional interest, supporting the upward trend.
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Factors Influencing — Fundamental and Technical Analysis
The basic factors
1. Institutional Demand and Adoption
The entry of large institutions and investments from ETFs supports confidence in Bitcoin as an investment asset.
2. Macro factors / monetary policies
If central banks ), especially the US Federal Reserve (, continue to raise interest rates or tighten monetary policy, it may put pressure on high-risk assets like Bitcoin.
On the contrary, if the central bank adopts a policy of easing or lowering interest rates, it may have a positive impact on Bitcoin as an alternative refuge.
The fluctuation of the US dollar can also have an impact: a weak dollar may support Bitcoin as an alternative asset to traditional currencies.
3. Presentation and Mining
As a limited supply cryptocurrency )21 million coins( and the cost factors of mining affect the price in the long term. Some research links the price to the cost of production.
4. Regulatory Risks
Any legislation, government restrictions, or bans on cryptocurrency trading in certain countries may cause sudden negative pressure.
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