$BTC 📈

✅✅Bitcoin: Technical and Fundamental Analysis !! 📈📈

Fundamental Analysis

The global context favors Bitcoin in the medium and long term. The banking crisis in some countries, persistent inflation, and monetary easing by central banks are driving the adoption of BTC as a safe haven. In addition, the April 2024 halving will reduce the issuance of new bitcoins, which has historically generated large bullish cycles. The growth of Bitcoin ETFs in the US has also increased institutional demand, injecting liquidity and further legitimizing the asset.

Technical Analysis

Currently, Bitcoin has broken through key resistances and maintains a bullish structure on the weekly chart. The $50,000 - $55,000 range has served as an accumulation zone, and with an RSI still at healthy levels, there is room for further growth. The Fibonacci projection indicates a possible next target at $75,000 - $80,000, especially if buying volume continues to increase.