🚀 $BTC surpasses 113K amid rising Asian momentum at the Hong Kong conference
📈 Current price: above $113,000
📉 Technical support: 100-day moving average at $110,884
📊 Immediate demand: neutral
📊 Futures: bearish but weak
🔥 Triggering event:
The launch of the _Bitcoin Asia_ conference in Hong Kong with the attendance of 15,000 people and 200 global speakers, including:
- Adam Back (Blockstream)
- Changpeng Zhao (Binance)
- Balaji Srinivasan (Network School)
🌏 Asia leads global adoption:
Indonesia, Thailand, Vietnam, and the Philippines represent 43% of global cryptocurrency ownership in 2023.
📉 Technical context:
- Bounce from strong support after a 12% drop from the previous peak ($124,474)
- Moving averages indicate balance in trading volume, but buyers remain cautious
- The market is waiting for stronger momentum signals to confirm the trend
🎯 Marketing summary:
Bitcoin shows technical resilience amid a massive global event, but continued upward movement requires confirmations from immediate demand and institutional momentum.
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