Bitcoin could reach $135,000 in the near future. According to CNBC analyst Todd Gordon, Bitcoin is currently heading toward the $135,000 Fibonacci level based on the weekly chart. With that, he claims...

Bitcoin could reach $135,000 in the near future. According to CNBC analyst Todd Gordon, Bitcoin is currently heading toward the $135,000 Fibonacci level based on the weekly chart. With that, he claims that it is likely that it will soon break through the previous high and continue with stronger upward momentum. Bitcoin is now positioned as a strategic hedge beyond 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

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

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