The Bitcoin ($BTC) currency has recently experienced slight fluctuations, currently trading around the $94,000 level. After a period of strong upward movement, some analysts are showing signs of buyer fatigue, with dormant wallets and profit-taking sales.
On the development front, institutions continue to show interest in Bitcoin, with reports of plans to increase institutional investments by 2029. However, the state of Florida has canceled its plans to create a strategic reserve of Bitcoin.
Technically, traders are monitoring key support levels around $88,800 after a break of the upward trend line. In the short term, technical analysis indicates a possible slowdown in the pace of the rise or even the beginning of horizontal movements. The overall trend remains positive in the long term, but investors are cautiously watching for any signs of a potential reversal.