TechFlow news, July 14 — According to Jinshi Data, Tickmill analyst Patrick Munnelly stated in a report that Bitcoin's first breakthrough above $120,000 was driven by rising investor confidence as the cryptocurrency moved beyond its recent narrow trading range. He noted that this prior consolidation phase had raised questions about whether Bitcoin could regain its strong upward momentum seen earlier this year. Uncertainty surrounding Trump's political and economic policies had previously dampened market enthusiasm for Bitcoin, keeping it confined within that range. Now, as other risk assets such as U.S. stocks hit record highs, Bitcoin has resumed its upward trajectory, reigniting market excitement.
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