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Price & Market Capitalization:
Trading at approximately $103.4K, with a daily range of $102.6K–$106.5K.
The market capitalization is around $2.06 – $2.1 trillion, reflecting a circulating supply close to 19.88 million BTC.
📈 Price Trends & Analysis:
Bitcoin recently bounced above $106K, breaking out of a narrow range of $104K–$105K amid modest risk sentiment among investors.
Geopolitical tensions in the Middle East remain an obstacle—despite greater clarity, Bitcoin has not consistently proven to be a "safe haven" like gold.
The weakness of the US dollar could support the next rally, while future interest rate cuts from the Federal Reserve could add fuel to cryptocurrency markets.
🚀 Short-Term & Medium-Term Outlook:
Technical models show consolidation within a triangle between approximately $103.4K of support and $105.6K of resistance; a breakout above ~$108K could unlock bullish potential towards $122K–$125K.