#$BTC突破$92,000，接下来是？

• Fed rate cut expectations: Speculation of a Fed rate cut boosted BTC as risk appetite prompted investors to turn to alternative assets such as BTC.

• Institutional confidence strengthened: The speed at which large holders known as "Whale" are accumulating BTC has been increasing, indicating that institutions' confidence in BTC is strengthening, similar to the pattern before the Bull Market of BTC in 2020~2021.

• Technical factors: BTC's technical setup reflects the past Bull Market cycles, and the current PA is consistent with the Bull Market cycles of 2012, 2017, and 2020.

• Decline in the Dominance of Stablecoins: Since mid-2024, the dominance of stablecoins has been gradually declining, indicating that investors are shifting funds from stablecoins to more volatile assets such as BTC.

• Financial product launch: New York Stock exchange (NYSE) approved BTCETF, this new financial product allows institutional investors to invest in BTC through regulated instruments, thus increasing market accessibility and Liquidity.

• Political factors: The head of Alpha strategy at encryption asset management company Bitwise predicts that if Donald Trump wins the U.S. presidential election in November, BTC may rise to as high as $92000. Moreover, Trump has made supporting Cryptocurrency policy a cornerstone of his 2024 campaign, which has also to some extent driven the rise in BTC price.

• Global Economic Environment: The uncertainty of the global economy, expectations of Inflation, and the decline in investors' confidence in the traditional monetary system are all important factors driving the rise in the value of Bitcoin.

In conclusion, various factors have contributed to the pump and breakthrough of BTC price! However, it still needs to be reiterated that investment carries risks, so be cautious when getting started!