$BTC MAY SIGNAL A STRONG RALLY AHEAD
Bitcoin is holding steady between $102,000 and $112,000, recently touching $109,288, driven by strong forces. Investors poured $13 billion into Bitcoin ETFs this year, adding 18,476 BTC in early July. With exchange reserves at a seven-year low and 86% of coins held off exchanges, supply is tight. Uncertainty about Federal Reserve policy makes Bitcoin a popular hedge against inflation. The bullish MACD, with 51.85% accuracy, and solid support at $105,000 suggest upward momentum. If Bitcoin breaks past $112,000, it could climb to $115,000-$116,000, signaling a strong rally ahead.
$BTC