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BTC dominance already reaches 63.6% among all digital assets.
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In a year Bitcoin records a 102% increase in its price.
The price of Bitcoin is in an unstoppable ascending trajectory, marking the course towards $ 120,000 per currency. At the time of the publication of this content, today Sunday, July 13, the most valuable digital asset in the market is traded at $ 119,292, according to the cryptootic price calculator, which represents a new historical maximum (ATH) in its contribution.
After reaching an AT of $ 118,800 on Friday, July 11, the digital asset has done is consolidate your position above $ 100,000driven by renewed institutional interest, a weakened US dollar and a favorable macroeconomic environment.
This movement reflects a bullish feeling that has electrified the market, with analysts projecting that the 120,000 psychological threshold is just one step.
Analyst Willy Woo recently pointed out that Bitcoin could reach $ 118,000 with relative ease, highlighting that «the strength of the digital asset market remains solid» due to the great supply pressure generated by institutional purchases.
Woo identified liquidity pools that reinforce the probability that Bitcoin reaches this area in the next few days, With $ 120,000 as a natural objective if the impulse persists.
Bitcoin’s escalation began in early July, when it exceeded $ 112,000, breaking key technical resistance. Since then, the digital asset has experienced a sustained impulse. Other aspects to highlight is that BTC dominance is already over 63.6% of the market and in the last year the creation of Satoshi Nakamoto has revalued by 102%.
This dynamic has been fed by a lower supply in exchanges and a record institutional demand, with Bitcoin ETF tickets that exceeded 600 million dollars in a single week, led by giants such as Blackrock and Fidelity. The macroeconomic context has also been a crucial catalyst.
The drop in the dollar index (DXY) at its lowest level in 21 years, is reinforcing the Bitcoin attractiveness as a refuge against inflation and monetary devaluation. The expectations of interest rate cuts by the Federal Reserve, combined with pro-descriptomoned policies of the Donald Trump administration, have created a favorable environment.
The proposal of a Bitcoin strategic reserve in the US., Along with support statements of figures such as Michael Saylor and Cameron Winklevos, has intensified the FOMO (fear of missing the opportunity) among investors.