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# 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.
## 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.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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