#BTC☀

#btcusd cross 98300 today $BTC

Today, Bitcoin (BTC) is trading at $94,511 USD, up 2.37% in the past 24 hours. It is currently considered to be 0.99% volatile.

Technical Analysis:

* Short-term: Bitcoin is in a strong uptrend, with no immediate resistance in sight. The RSI is above 70, indicating strong positive momentum.

* Long-term: Bitcoin is in a rising trend channel, suggesting a bullish long-term outlook.

News and Sentiment:

* Bitcoin hit a new all-time high of $94,000 on Wednesday, driven by growing expectations of a more crypto-friendly environment under the incoming Trump administration.

* MicroStrategy recently acquired 51,780 BTC for $4.6 billion.

* Bitcoin's correlation to US equities and Ether has weakened.

Overall, the technical and fundamental outlook for Bitcoin remains bullish. However, it is important to remember that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. It is always advisable to do your own research and consult with a financial advisor before making any investment decisions.