BTC: Small moves before the Big! š„š
Bitcoin's been on quite the journey lately. At the time of writing, it's trading around $91,630, marking a 4.78% uptick from the previous close. Just recently, it even nudged past the $92,000 mark.
This surge comes on the heels of President Trump's announcement about setting up a U.S. strategic reserve of cryptocurrencies, including Bitcoin, Ether, XRP, Solana, and Cardano. That news sent Bitcoin soaring to about $94,000 before it settled back down.
But it's not all smooth sailing. Before this climb, Bitcoin had dipped below $83,000, reminding us all of its unpredictable nature.
Looking ahead, some analysts are optimistic, eyeing potential targets of $94,381 and even the $100,000 milestone, provided Bitcoin can break through the current resistance levels. However, if selling pressure ramps up, we might see it testing support around $81,500 or even dipping to the critical $71,500 zone.
Factors like global economic policies, regulatory changes, and the actions of major Bitcoin holders (whales) are all in play. Despite the ups and downs, the long-term outlook remains positive, with some experts predicting Bitcoin could reach up to $150,000, depending on market sentiment and broader economic conditions.
As always, the crypto market is full of surprises. Stay informed and tread carefully!
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