Analyst: Bitcoin takes advantage of the rebound of risk assets, ends range oscillation and restarts upward trend

According to BlockBeats news, on July 14th, Tickmill analyst Patrick Munnelly stated in a report that Bitcoin has surpassed $120000 for the first time, and its upward momentum is driven by the continuous strengthening of investor confidence after the cryptocurrency has emerged from its recent narrow trading range. He said that the previous trading range had raised doubts about whether Bitcoin could regain its strong upward momentum earlier this year. The uncertainty of Trump's political and economic policies has dampened the market's investment enthusiasm for Bitcoin, keeping it in that range. Now, with other risky assets such as the US stock market reaching historic highs, Bitcoin has also resumed its upward trajectory, reigniting market enthusiasm. (Golden Ten)