Bitcoin continues to flirt with a breakout toward all-time highs as macro tailwinds strengthen.
Bitcoin (BTC ) sought to preserve $105,000 at the Jan. 30 Wall Street open as US Q4 GDP delivered a “big miss.”
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC price strength persevering, with BTC/USD up 2% on the day.
Read more,# Bitcoin’s Flirtation with All-Time Highs: What’s Brewing?
## Key Points
– Bitcoin is playing hard to get, trying to hold onto the $105,000 mark as Wall Street opens.
– The U.S. Q4 GDP report fell short of expectations (“big miss” alert!).
– Despite the gloomy GDP news, Bitcoin showed impressive resilience with a 2% daily increase.
### Hot Take
Looks like Bitcoin is channeling its inner romantic suspense, just waiting for the right moment to break free and reach those all-time highs! Let’s just hope it doesn’t get cold feet and run back to lower valleys. Will it ride the bullish wave or crash down like a bad breakup? Only time will tell. #BitcoinBae #CryptoCrush
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JustInvestNews, Bitcoin, Cryptocurrency, Market AnalysisOriginal article: https://cointelegraph.com/news/btc-price-taps-106k-us-gdp-miss-boosts-bitcoin-bull?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
