$BTC Here's the latest analysis for Bitcoin (BTC).
*Current Price and Market Trends*
Bitcoin is currently trading near the lower Bollinger Band for the second week, indicating a possible support level where selling pressure may be easing and buyers could be entering. The price has remained stable at approximately $84,000 over the past week, with notable volatility, including a brief peak exceeding $87,000 on Thursday ¹.
*Technical Analysis*
Investtech's automatic technical analysis indicates a "hold" signal for Bitcoin, with a score of -19. The analysis suggests that investors have accepted lower prices over time, and the currency is in a falling trend channel in the short term. However, in the long term, Bitcoin shows strong development within a rising trend channel, indicating increasing optimism among investors and a continued rise ².
*Key Statistics*
- Market capitalization: $1.69 trillion USD
- Fully diluted market cap: $1.79 trillion USD
- Trading volume (24h): $11.92 billion USD
- Circulating supply: 19.84 million BTC
- Max supply: 21.00 million BTC ¹
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always do your own research and consider multiple sources before making any investment decisions.