$BTC Bitcoin remains stable around $96,000, with a slight correction after reaching recent highs.

Investing.com Mexico

📰 Main market news

📉 Impact of economic data in the U.S.

The price of BTC briefly fell below $93,000 after a 0.3% contraction in the U.S. GDP was reported for the first quarter, raising concerns about a possible recession.

📊 Technical and chain indicators

Technical and chain indicators are showing bullish signals:

The MVRV ratio is nearing a bullish crossover with its 1-year moving average.

Bollinger Bands are tightening, suggesting potential future volatility.

🏦 Institutional investments

The company Strategy (MSTR) has acquired an additional 15,355 BTC, investing approximately $1.42 billion, raising its total reserves to 553,555 BTC.

📊 Realized capitalization at all-time highs

Bitcoin's realized capitalization reached a new all-time high of $882.228 billion, indicating significant accumulation by investors.

🔮 Short-term outlook

Despite the recent consolidation, some analysts predict that Bitcoin could reach $135,000 in the next 100 days if certain favorable macroeconomic conditions are maintained.