Key dealers
- Bitcoin reached $ 119,000 today and extended his latest rally.
- Analysts note that a green (positive) September closure often leads to a strong October rally for bitcoin.
Bitcoin reached $ 119,000 the milestone today, which highlighted a large price milestone for the Cryptocurrency flagship.
The digital asset shows patterns similar to previous cycles, with analysts who note that a green September -close historically signals a strong October rally. Bitcoin has been in a long -term bull driving with forecasters who predict significant momentum through October and thereafter, based on historical after -half cycles and the latest market outbreak.
Institutions and sovereign wealth funds are increasingly rotating capital in bitcoin, which marks a shift towards mainstream financial integration. Prediction markets have adapted to optimistic views for Bitcoin’s performance at the end of the year, which reflects a broader haussey feeling in the midst of global economic rotations.
