Bitcoin Hits New All-Time Highs as Bulls Eye $100,000 Level

Bitcoin (BTC) closed out another week above $106,000 after holding its ground against selling pressure. This comes as investors await key inflation data next week, and ahead of the June FOMC meeting by the Fed. The crypto market’s short-term holders are a focal point with their positions around the $106,200 level potentially acting as resistance. While some analysts see this as a sign that Bitcoin may be at risk for a correction, others remain optimistic about its long-term potential. This week marks a pivotal period for the market, as we’ll get an update on inflation and the Fed’s stance on interest rates.