Bitcoin Soars Above $120,000 Amidst Geopolitical Calm and Market Predictions

Geopolitical tensions between the United States, China, and Russia have eased, providing a temporary boost to Bitcoin prices as they surge toward the $124,000 mark. Analysts anticipate this market test could offer insights into the future trajectory of cryptocurrency markets. A significant price drop for Bitcoin if this rally falters might lead to renewed declines in altcoins, which have struggled to gain momentum. This article presents insights from various experts and analysts on the current market trends.