$BTC Technical Analysis: Bitcoin breakdown the support Tre | Rawassiya on Binance Square

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$BTC  Technical Analysis:
Bitcoin breakdown the support Trendline and now going for retest.
But if Btc reclaimed its position above the Trendline then pattern will change and price could reach above $100k.
What do you think will Bitcoin above to reclaim its position above the Trendline?
#StablecoinPayments 
$BTC 

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$BTC Bitcoin's next target is a subject of much speculation in the cryptocurrency market. Currently trading around $97,000 in early May 2025, BTC has shown strong momentum. Technical analysis suggests immediate resistance at the March 2025 high of $95,000. A break above this could pave the way for a surge towards the psychological $100,000 level and further to its all-time high near $109,000. Optimistic forecasts from institutions like Standard Chartered predict a climb to $120,000 by the second quarter and potentially $200,000 by the year's end, fueled by ETF inflows and supply tightening. Ark Invest even presents a bullish scenario with a $2.4 million target by 2030. However, factors like regulatory developments, macroeconomic conditions, and market sentiment will play crucial roles in determining whether Bitcoin reaches these ambitious targets. While the long-term outlook remains largely positive, short-term volatility is expected.

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#DigitalAssetBill The "Virtual Assets Bill 2025" in Pakistan, introduced by Senator Afnan Ullah Khan, represents a significant step towards regulating the burgeoning digital asset market, encompassing cryptocurrencies and blockchain technologies. This proposed legislation aims to establish a comprehensive framework governing the issuance, trading, and management of virtual assets within the country. A key highlight of the bill is the envisioned creation of a "Digital Rupee," a central bank digital currency (CBDC) pegged to the Pakistani Rupee, operating under the oversight of the central bank. Additionally, the bill proposes the establishment of "Virtual Asset Zones," designated areas intended to foster cryptocurrency trading and management while ensuring financial stability and investor protection. To enhance transparency and accountability, the bill mandates strict compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations for all entities involved in the virtual asset market. Regular audits and reporting requirements will also be enforced. A crucial component of the proposed framework is the establishment of a National Virtual Assets Regulatory Commission, tasked with licensing and overseeing Virtual Asset Zones, exchanges, and service providers. This commission will also be responsible for the issuance of Pakistan Rupee-backed virtual assets and the enforcement of AML/CTF compliance. While Pakistan has historically held an anti-cryptocurrency stance, this bill signals a potential shift in policy, recognizing the growing importance of digital assets in the global financial landscape. The bill is currently under review by the federal cabinet before it is presented to the parliament for final approval.

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$BTC Technical Analysis: Bitcoin gave a bullish break of the rising wedge pattern and daily candle also closed healthy. BTC can make it way to the $98,450 area as a strong resistance with news we can expect some clarity in the market. #DigitalAssetBill $BTC

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