Bitcoin (BTC) has shown a strong upward trend in the market, rising by more than 10% in about ten days since June 5th. On June 11th, it soared to a high of $110,000 (approximately 152.9 million won), once again attracting investors' attention.
According to real-time data from Cointelegraph Markets Pro and TradingView, it rose 1.7% in a day from the June 10th low of $108,400 (approximately 150.72 million won) and is currently trading around $109,400 (approximately 151.96 million won).
Market experts are leaning towards the possibility of Bitcoin continuing to rise. The prevailing view is that it could rise to $120,000-$150,000 (approximately 166.8-208.75 million won) in the short term, and Michael Saylor forecasts that Bitcoin could reach $1 million (approximately 1.39 billion won) in the long term. He continues to make large-scale Bitcoin purchases through MicroStrategy, which he leads.
The background of this rise is attributed to various factors, including Trump's statements showing a favorable stance towards Bitcoin in the US presidential election context, expectations of the Federal Reserve's interest rate policy, and the expansion of the ETF market.
Whether Bitcoin's price can achieve additional increases is expected to be determined by future macro environments, policy changes, and selling pressure at major high points.
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