The US government suspension is currently a trends vertical to focus on and take the market by storm recently. However, this suspension plays a crucial role in stabilizing crypto markets, helping bitcoin climbing and increasing to hit a new height of $ 120,000 at press time. Investors’ feeling is now losing against crypto again. How high can Bitcoin (BTC) increase during this US government suspension? Let’s find out.
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US government suspension: what happens
Shutdowns are usually rare. However, the current suspension is characterized by a new phenomenon, which adds more pressure on the current US dollar position. At the same time, This feeling drives bitcoinwhich is now steady at $ 120,000 at press time.
According to Menthorq, a experienced crypto expert at X, Bitcoin could easily hit the price range of $ 125,000 in the middle of the ongoing US government suspension.
“The United States enters the first shutdown in 7 years; 750K furrowed, markets unpleasant, dollars soften and fed data at risk. $ BTC interval 110k – 125k, signals lean Baisse, seller who pushes resistance.”
Future forecasts
“$ BTC $ BTCUSD BITCOIN – Inverse Head & Shoulders Breakout. Bitcoin Price case: $ 124K, $ 131K. Bitcoin has moved past the neckline in the reverse head and shoulders pattern and move higher from the volume shelf. Potential to resume the outbreak.
Also read: Strategy (mstr) stock climbs when bitcoin gets IRS tax committees
