$BTC

Bitcoin is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown entity. Use of bitcoin as a currency began in 2009, with the release of its open-source implementation. In 2021, El Salvador adopted it as legal tender. It is mostly seen as an investment and has been described by some scholars as an economic bubble. As bitcoin is pseudonymous, its use by criminals has attracted the attention of regulators, leading to its ban by several countries as of 2021.

The current BTC to USDT conversion rate is 96,399.5. Inversely, this means that if you convert 1 USDT you will get 0 BTC.

The conversion rate of BTC/USDT has decreased by 0.04% in the last hour and shrunk by 0.59% in the last 24 hours.

What are your thoughts on BITCOIN?

Bitcoin remains in a neutral, range-bound trend, currently trading below a key resistance zone. At this point, two potential scenarios could unfold:

If Bitcoin breaks above the resistance level with strong momentum, it could confirm a continuation of the uptrend. A confirmed breakout would present an opportunity to enter long positions strategically.

If Bitcoin fails to break the resistance, a rejection could lead to a pullback toward lower support levels. In this case, waiting for a clear breakout confirmation before entering buy positions would be the prudent approach.