Analysts: U.S. stock index futures hit record highs, which may push BTC to break through resistance and hit a new high
According to online reports, according to Cointelegraph, U.S. stock index futures have reached all-time highs, and analysts predict that this may push Bitcoin to break through resistance and reach a new high. Standard & Poor's 500 futures broke through to 6,145 points on Thursday, surpassing their February peak, while Nasdaq Composite Index futures also reached a new high of 20,180 points. Since its April 8 collapse, the S & P 500 has risen 23%, mainly due to the easing of trade tariff shocks and the ceasefire agreement between Israel and Iran. Nick Ruck, director of LVRG Research, said that U.S. stock index futures are near all-time highs, coupled with Bitcoin's recent rebound, have increased expectations that it will set a new record in the near future. If the Federal Reserve cuts interest rates in the coming months, continued stock market momentum and institutional capital inflows could push Bitcoin past the $109,000 resistance level.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.