Bitcoin Price Prediction: Bullish Flag and Policy Shifts Fuel $123K Breakout Hopes
Main Idea
Bitcoin's price is showing bullish signals with potential to reach $123K, supported by technical patterns, favorable U.S. policies, and increasing retail adoption, while regulatory approaches differ between the U.S. and EU.
Key Points
1. Bitcoin is holding at $116,830, with a bullish flag pattern suggesting a potential breakout towards $123K if it surpasses $117,350.
2. The U.S. is adopting favorable crypto policies, including allowing cryptocurrencies in 401(k) plans, while the EU imposes stricter capital requirements for crypto assets.
3. Technical indicators like the 50-day SMA and RSI support a positive momentum for Bitcoin, with key support levels at $113,154.
4. Retail adoption is increasing in the U.S., with promotions encouraging crypto payments, potentially boosting demand.
5. Bitcoin Hyper ($HYPER), a new Bitcoin-native Layer 2 project, has raised over $7.4 million in presale, combining Bitcoin's security with Solana's performance.
Description
Bitcoin is holding at $116,830 as mainstream adoption is taking off in the US. Sheetz, a popular convenience store chain with locations across multiple states, is offering 50% off all purchases between 3 pm and 7 pm when paid with cryptocurrency through Flexa. The “ Crypto Crave & Save ” promotion is designed to get people spending real crypto in the real world, with payments converted to fiat instantly to protect merchants from volatility. I feel like this is actually bad news for Bitcoin….. ht...
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