Bitcoin has updated its daily maximum

Bitcoin BTC $103,040.30 Bitcoin -0.57% Market capitalization $2.05 trillion VOL. 24 hours $1.16 billion is approaching the $ 105,000 mark, having reached a daily high of $ 104,291 today. However, the cryptocurrency still faces an important level of resistance — the zone between $ 104,000 and $ 105,000, which it tested repeatedly earlier this year but retreated each time.

A breakthrough of this line could signal a new rally, allowing bitcoin to set another all-time high. The last time such a breakout was recorded was in January. Analysts see the breakout of the resistance level as a positive technical signal that could boost investors.

Among the factors that support the growth in value are active injections into bitcoin ETFs. Thus, according to SoSoValue, the BlackRock iShares Bitcoin Trust received $ 409 million in investments last Thursday alone. This indicates that significant institutional interest in cryptocurrencies remains.

JPMorgan analysts predict that in the second half of the year, bitcoin may surpass gold in terms of growth. This forecast is based on strong support from major players and the emergence of new investment strategies that follow current market behavior patterns.

At the same time, there was some negative news: The State of Wisconsin Investment Board (SWIB) announced that it is completely divesting from its bitcoin positions. Although the SWIB purchased the IBIT ETF worth $ 100 million back in May, the fund has now decided to keep only the shares of MicroStrategy (MSTR), which is also an active bitcoin holder.