In the past 24 hours, BTC $BTC has increased by 1.78%, reaching $116,825, supported by a series of positive factors:
🇺🇸 Legal Momentum in the U.S.
The U.S. government is planning to issue an executive order to protect access to cryptocurrency, including allowing Bitcoin in retirement investment portfolios. This is seen as a significant step, creating a clearer and more market-friendly legal framework for crypto.
🏢 Increased Institutional Demand
Many public companies such as Cipher Mining and WiMi continue to increase their BTC holdings, showing long-term confidence in this asset. The ongoing accumulation by large institutions is making the supply increasingly scarce – a factor that could drive prices even higher.
📊 Positive Technical Signal
Although momentum indicators are giving mixed signals, BTC price remains solid above the important support level of $115,500. If BTC closes above the $117,500 threshold, it is likely to continue moving towards $120,000. Conversely, if it fails, the market may slightly adjust to around $114,500.
🔍 AHR999 Index – Bitcoin Valuation Tool
AHR999 is an indicator that measures the deviation of BTC price from the estimated fair value.
Below 0.45 → the market is undervalued → a good time to buy.
Above 1.2 → the market is too hot → should be cautious or stand aside to observe.
⏳ Currently, Bitcoin is in a phase strongly supported both fundamentally and technically. However, investors still need to closely monitor the upcoming legal developments and moves from major institutions, along with signals from the AHR999 index to make reasonable trading decisions.