1. Current Price (BTC/USD)
111,700 - 112,000 USD fluctuating within this • range).
. Increased by about 2.5% over 24 hours.
. Highest daily price: 112,300 USD.
. Lowest daily price: 108,200 USD.
2. Technical Analysis
. The 50-day moving average is trending upward, indicating ongoing positive momentum.
. The Relative Strength Index (RSI) at around 68-70 indicates an approach to "overbought" conditions, which may lead to a temporary correction.
Nearest support at 109,000 then 105,000
. Next resistance: at 115,000 then 120,000
3. Current Key Drivers:
Increased institutional demand ETF funds adding new Bitcoin amounts to their wallets.
Trump's statements supporting Bitcoin as a store of value
strategy.
Reduced supply after the last halving event in April 2024.
. The US Federal Reserve is expected to stabilize interest rates, supporting risk assets.
4. Liquidity and Trading:
Daily trading volume exceeded 45 billion USD.
Growing interest from countries like Argentina in Bitcoin as a hedge against inflation.
