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Bitcoin’s breakout above $117,000 has reignited market optimism, with top analyst Ali Martinez predicting a potential rally toward $139,000.
Source: Ali Martinez
Martinez acknowledged that the move aligns with signals from the Pricing Bands, a key technical indicator that has historically pinpointed major shifts in the Bitcoin cycle.
Martinez noted that Bitcoin’s decisive break above $117,000 marks a pivotal move past weeks of resistance, signaling renewed bullish momentum. “This breakout points to a potential target near $139,000, based on the upper boundary of the Pricing Bands,” he explained.
These bands, akin to Bollinger Bands but derived from long-term price behavior, track volatility and trend strength, providing a data-driven roadmap for identifying potential market tops and bottoms.
Therefore, Bitcoin’s projected rise to $139,000 appears increasingly attainable, especially after the flagship cryptocurrency’s recent surge to a record high of $126,080.
At the time of this writing, Bitcoin was trading at $124,352, according to CoinGecko data.
Sweden’s Opposition Pushes for a Strategic Bitcoin Reserve to Protect National Sovereignty
Sweden’s political arena is abuzz after opposition lawmakers proposed establishing a national Bitcoin reserve, a bold move to redefine the country’s financial strategy.
Introduced by Sweden Democrats members Dennis Dioukarev and David Perez, the motion urges the government to treat Bitcoin as a strategic asset on par with gold and foreign currency reserves, rather than a mere speculative experiment.
According to Dioukarev and Perez, establishing a national Bitcoin reserve would enhance Sweden’s economic sovereignty amid growing global monetary instability. Their proposal calls on the government to develop a clear framework that defines whether the Riksbank or the Ministry of Finance will oversee the assets.
The lawmakers argue that as global debt surges and fiat currencies weaken under inflation, Bitcoin’s decentralized and scarce nature offers Sweden a strategic hedge and a foundation for long-term financial resilience.
Therefore, this proposal reflects a growing global shift as governments reconsider the role of Bitcoin in their national strategies.
Nations like El Salvador and Bhutan have already integrated it into their reserves, while others explore its potential to diversify assets and reduce reliance on the U.S. dollar.
For Sweden, renowned for financial stability and tech innovation, embracing Bitcoin could mark a bold stride toward digital monetary sovereignty.
