# Analysis of BTC Price Movement

## Current Situation

Bitcoin has demonstrated a steady growth over the last 24 hours. The price increased from 119,665.27 USDT to 122,338.61 USDT, representing a gain of about 2.2%. Particularly active movement was observed between 21:00 and 22:00 on August 13, when trading volume exceeded 26.9 million USDT.

## Key Observations

- BTC price has breached the important psychological level of 120,000 USDT and has confidently settled above it

- An upward trend is observed with consecutively rising lows

- Trading volumes have increased during growth periods, confirming the strength of the upward movement

- The current price (122,338.61 USDT) is near the local maximum (122,569.07 USDT)

## Important News

Recent institutional events support a bullish sentiment:

- The British company Smarter Web Company issued convertible bonds worth $21 million, backed by Bitcoin

- The European company Capital B raised €11.5 million to develop its Bitcoin reserve strategy

## Outlook

The integration of Bitcoin into traditional financial instruments, such as convertible bonds, indicates a growing institutional acceptance of the cryptocurrency.