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The Nasdaq-listed electric car manufacturer Volcon has successfully raised $500 million for its Bitcoin treasury strategy.
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Western Union is considering introducing a stablecoin in its digital wallet, reflecting growing optimism within the industry.
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$BTC /USDT ANALYSIS Bitcoin is currently consolidating within a descending triangle pattern and is trading above a horizontal demand zone. The price is also moving within the Ichimoku Cloud, suggesting indecision in the market. A breakout or breakdown could occur soon.
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💰 $116K serves as both horizontal and trendline support, but there is a high likelihood of a breakdown 📉. Therefore, anticipate a drop to the $114K CME gap and the breakout level of $110K.
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➡️ LONG POPCATUSDT ❇️ Entry Range: 0.37005500 - 0.39090000 ☑️ Target 1: 0.41044500 ☑️ Target 2: 0.42999000 ☑️ Target 3: 0.44953500 ☑️ Target 4: 0.46908 / HOLD ⛔ Stop Loss: 0.35007112 💫 Leverage: 7x
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