El Salvador bought another 5 bitcoin for their strategic bit | aliumutzabun on Binance Square

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El Salvador bought another 5 bitcoin for their strategic bitcoin reserve 🇸🇻
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$BTC 📊 Price: $118,316.75 📈 1-Year Return: +95.36% 💹 52-Week Range: $50,646 – $123,300 Price Action: Over the past year, Bitcoin surged from the $55K range to over $118K, delivering a 95% gain. The yearly low was $50,646.67, and the high was $123,299.86. The first quarter saw a strong rally toward $74,800, followed by a consolidation phase where $99,000 acted as a major support multiple times. Renewed buying pressure pushed BTC back toward its all-time high zone. Key Technical Levels: Supports: $99,082 – $74,864 – $50,646 Resistance: $123,300 (all-time high area) Technical Indicators: RSI (Relative Strength Index): Around 68, close to overbought territory. This signals possible short-term profit-taking risk but still shows strong trend momentum. MACD: In positive territory and above the signal line, confirming ongoing bullish momentum. Volume: Noticeably higher during price surges, indicating strong buyer participation. Overall Assessment: Bitcoin remains in a strong bullish trend, trading close to its all-time high. A sustained breakout above $123,300 could open the door for new record highs. On potential pullbacks, $99K serves as the key major support. While short-term volatility remains, the medium-to-long-term outlook stays bullish, with institutional demand and macroeconomic factors providing strong tailwinds.

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$BTC is headed straight to $150,000... $BTC

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