Bitcoin Price Surges Amid Market Optimism
- Bitcoin price increased by 4% in the last 24 hours, surpassing $106,000.
- The price fluctuated between $96,703 and a high of $109,114 this week.
- Analysts suggest a potential breakout from the $101K-$106K range.
- Whales have recently acquired over 22,000 BTC, valued at more than $2.24 billion.
- Network activity shows an increase in daily active addresses and whale transactions.
This recent surge in Bitcoin’s price is supported by strong whale accumulation and increased network activity, indicating a bullish trend as analysts anticipate new all-time highs. However, some remain skeptical of the rally’s sustainability post-Trump inauguration.
Source (2.6)https://coingape.com/will-bitcoin-price-hit-fresh-all-time-high-today-key-factors-to-watch/?rand=24432
