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yes btc is indeed amazing because btc always makes new ath and currently btc has been in the price range of $ 111k and this is truly an extraordinary achievement achieved by bitcoin and of course there is great potential we will see btc continue to rise and of course I am sure btc will rise to $ 120k later and can even be more than $ 120k.
Bitcoin sharp surge to its highest level in recent months was driven by positive market sentiment due to large purchases by
MicroStrategy and Japanese investment firm
Metaplanet. The buying action carried out by these two companies became the main catalyst that pushed the price of Bitcoin soaring to touch the level of $111,451.
This extraordinary achievement was also triggered by increasing market concerns about inflation, investors are increasingly turning to Bitcoin as a hedge, especially amid negative signals from global monetary policy. Technically, Bitcoin has broken through several important resistance levels, if this trend continues the possibility of forming a Bullish pattern will be stronger, this condition can encourage higher buying interest. IMO
Of course this current trend is expected to continue for too long and that's because Bitcoin is now regarded as future of global finance hence the widespread adoption and investment by different governmental and institutional bodies. I'm not surprised that Bitcoin is currently surging high especially after the US government decided to hugely invest in it through the Strategic Reserve policy. For a government that controls the largest economy in the world to openly declare interest in a digital asset, I don't see any reason why we anyone should doubt the future of such coin.
Now that the Bitcoin market is experiencing a high uptrend movement, you should expect more investors to troop in crypto space which will also result to a higher demand of Bitcoin thereby increasing the surge even further. Different governmental bodies are now adopting policies that are Bitcoin and crypto friendly in their bid to allow citizens to participate in this global financial system that's dominating the world. The buying interest of Bitcoin is on the high side already and I don't even think it's slowing down anytime soon.
Interesting times for all Bitcoiners are here.
I think that I have said this before that it's just a matter of time before Bitcoin rise to a million dollar or more because due to it huge potential, and the incoming Investors on a daily basis, Bitcoin will keeps on surging to a higher level, that's why we that are still among the early Investors really need to seize this golden opportunity and accumulate as much as possible , because time will come when $100k will not give you any significant fraction of Bitcoin, so now is the best time to buy Bitcoin, not tomorrow or next, do it now and hodl.