Bitcoin (BTC) – The King of Crypto
Bitcoin still reigns supreme as the first and largest digital asset in the world by market capitalization. In recent days, BTC has experienced strong movement after rising to nearly $117,000 before retreating to settle around $111,000. These fluctuations are not unusual for a currency that has been known to be the most volatile and influential in the market.
What makes Bitcoin special is that it is a rare asset with a total supply that will not exceed 21 million units, making it for many investors the new “digital gold.” The entry of institutions through ETF funds has increased market momentum and created genuine demand that strengthens the currency in the long run.
From a technical perspective, staying above the support level of $108,000 gives a positive signal for a new upward wave. However, breaking this support could open the door for a deeper correction. For traders, monitoring the levels of $113,000 and $115,000 is essential to confirm the trend.
🔮 The Outlook:
Bitcoin remains the top choice for any investor looking for a strong long-term asset, but at the same time, it is an ideal tool for traders seeking daily opportunities amid high volatility.$BTC