Bitcoin Blazes Past $123,000 as U.S. Debt Crisis Sparks ‘Crisis Mode’ Momentum
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Bitcoin's Historic Surge: Bitcoin has reached an all-time high of over $123,000, driven by a significant Cup and Handle pattern, with traders predicting further increases to targets of $135,000 and $145,000 amid macroeconomic concerns.
Market Dynamics and Altcoin Resurgence: As Bitcoin's dominance in the crypto market slightly declines, altcoins like Ethereum are experiencing gains, indicating potential for an "altseason," while investors view Bitcoin as a hedge against economic instability.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
