latest update on Bitcoin (BTC):
Current Price: $97,090.69
24-hour Trading Volume:$14.57 billion
Market Cap: $2.046 trillion
Key Levels to Watch:
- Immediate Resistance: $98,200 - $98,400
- Strong Demand Zone: $92.8K
- Critical Support:$91.4K
- Major Reversal Zone: $89.6K
Market Trends:
- Bitcoin is currently in a bearish momentum, with potential targets at $60,000, $59,700, and $58,900.
- Some analysts predict a short-term decline to $74,000.
- However, if Bitcoin breaks above $98,000, it could trigger a rally toward $100,000.
Investor Sentiment:
- Retail investors are accumulating Bitcoin, with an average daily purchase of 10,627 BTC, marking a 72% surge from last year's average.
- Institutional investors, like Strategy (formerly MicroStrategy), are also investing heavily in Bitcoin, with a recent acquisition of 7,633 BTC for $742.4 million
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