$BTC
**$BTC: Bitcoin in Focus - Current Analysis and Perspectives**
The **Bitcoin (BTC)** continues to be the dominant digital asset, but its price and adoption are influenced by various factors. Here’s the current landscape and what to expect:
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### **📈 Market Situation (June/2024)**
- **Price:** Fluctuating between **$65K - $70K** (crucial support at $64K, resistance at $72K).
- **Context:**
- Flow of **ETFs** still positive but with daily variations.
- **Halving 2024** already priced in? Full effect may come in 12-18 months.
- Macro scenario: Fed signaling only **1 rate cut in 2024**, putting pressure on risk assets.
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### **🔍 Technical Analysis**
📉 **Supports:**
- **$64K** (200-day moving average) → Losing it could lead to $60K.
- **$60K** (psychological zone and recent bottom).
📈 **Resistances:**
- **$70K - $72K** (breaking it could pave the way for new ATHs).
- **$80K+** (next target if bull market continues).
📊 **Indicators:**
- **RSI:** ~50 (neutral, no overbought/sold).
- **Volume:** Relatively low → Needs greater participation for a boost.
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### **🌍 Fundamental Factors**
✅ **Bulls (Favorable):**
1. **Institutional Adoption:** ETFs accumulate +800K BTC (~4% of total supply).
2. **Post-Halving Scarcity:** Mining now issues only **450 BTC/day** (vs. 900 BTC/day before).
3. **Geopolitical Crises:** BTC seen as a "safe haven" amid global tensions.
⚠️ **Bears (Risks):**
1. **Regulation:** SEC still pursuing exchanges (e.g., Coinbase, Binance).
2. **Competition:** ETH ETFs may divert institutional capital.
3. **Deep Correction:** If BTC loses $60K, it could test $50K.
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### **💡 Possible Scenarios**
🔵 **Bullish:**
- If BTC breaks $72K with volume, the next target is **$80K - $100K** by the end of 2024.
- ETFs continue buying +10K BTC/month → increasing scarcity.
