$BTC

#BTC_واقع_الأرقام Are you buying or selling in 2024? An analysis based on shocking statistics!**

Bitcoin (BTC) is witnessing a crucial year with a struggle between bullish and bearish factors, according to the latest data:

Bullish Trend:

Institutional flows: **BlackRock IBIT** fund attracts $16 billion since its launch in January 2024, while MicroStrategy currently holds **214,246 BTC** worth $13 billion.

Technical Indicators:

RSI at 40 (potential oversold area).

200-day moving average at **$50,000** (strong support).

-Liquidity shortage: %75 of BTC has not moved for over a year+, determining the circulating supply.

**Bearish Trend:**

-Selling pressures: Miners sold 3,000 BTC daily in June due to margin declines.

-Government regulation:

The European Union imposes restrictions on unverified transfers over $1,000.

-China closes %30 of mining centers due to energy consumption.

-Currency competition: Gold liquidity rises by %18 since 2023 as a safe haven.

Forecasts based on statistics:

-Bloomberg: %65 chance of BTC reaching $100,000 by the end of 2025 if ETF flows continue.

CoinShares: Net investment flows in crypto dropped to $1.2 billion in Q2 2024 (-%40 from Q1).

Conclusion: BTC is not an "emotional journey".. Follow the data, and set your strategy based on $50,000 (support) and $70,000 (resistance).

Statistical sources:

1. CoinGlass (trading data).

2. Bloomberg (ETF forecasts).

3. CoinShares (investment flows).

4. Blockchain.com (wallet movements).