CNBC: Bitcoin to reach $135K in the short term

Bitcoin could reach $135,000 in the near future. According to CNBC contributor and market analyst Todd Gordon, it is currently heading toward the $135,000 Fibonacci level based on the weekly chart. He claims that it is likely that it will soon break through the previous high and continue with stronger upward momentum. The leading digital asset is now positioned as a strategic hedge rather than being a simple investment asset, Gordon suggested. He pointed out three major factors for Bitcoin’s recent rise: - Increased institutional buying demand - Expanding cryptocurrency ETF market - Changes in the macroeconomic environment