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#BTC#
Bitcoin (BTC) Current Status:
Price: Currently, 1 Bitcoin is traded at around 103,168 USD.
Market Value: Approximately 2.06 Trillion USD.
24-Hour Trading Volume: Approximately 59.16 Billion USD.
Latest Developments:
* Following the positive developments in US-China trade talks, Bitcoin recently rose above 105,000 USD, reaching its highest value in the last three months. However, there has been some pullback after this level.
* Some analysts state that 106,100 USD is a significant resistance point. If a weekly close occurs above this level, the 110,000 USD target may be on the agenda. Otherwise, fluctuations may be seen in the range of 102,500 - 106,000 USD.
* Although buyers are seen to be active in short-term transactions, there are signs that selling pressure is increasing in longer time frames.
* MicroStrategy recently purchased an additional 13,390 BTC worth approximately $1.34 billion, bringing its total Bitcoin holdings to 568,840 BTC.
* Capital inflows into spot Bitcoin ETFs continue.
Technical Analysis:
* According to the weekly chart, the risk of falling to the $98,500 level is low, but it is not ignored.
* The $105,000 level is monitored as a significant resistance.
* It continues to move above the 20 EMA and 200 EMA levels.
Important Note:
Especially in highly volatile assets like Bitcoin, panicking and selling short-term price fluctuations can often result in losses. Being patient pays off.