TechFlow news, January 14 — QCP Asia published an analysis stating that Bitcoin has finally broken through the $95,000 resistance level, which had constrained its upward movement since last November. With a stable U.S. labor market and steady inflation, risk assets across the board—from equities to precious metals, the dollar, and even cryptocurrencies—are experiencing gains.
The report noted that although Bitcoin previously lagged behind rallies in equities and precious metals, against the backdrop of potential further fiat devaluation policies in the United States, Bitcoin's relatively low valuation compared to precious metals could prompt capital rotation into digital assets.
Current risks facing the market include pending decisions by the U.S. Supreme Court on tariffs, as well as any escalation in Venezuela or Iran. However, the market appears to have already priced in these risks and continues to rise despite them.
