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📈 Price Performance
Current Price: Bitcoin is trading at around $103,700, up 56% compared to last year.
Weekly High: Reached $104,990 on May 16.
Weekly Low: Recorded $101,436 on May 15.
Volatility: The market fluctuated between $101,000 and $105,000, with strong resistance at $105,000 and support at $100,000.
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📰 Influential News and Regulations
Legislative Progress: The U.S. Senate is nearing the passage of the "GENIUS" Act to regulate stablecoins, which could enhance institutional confidence in the market.
Listing of Major Companies: Galaxy Digital lists on the NASDAQ, reflecting growth in institutional adoption of cryptocurrencies.
Strategic Reserve: The United States establishes a strategic reserve for Bitcoin, enhancing the currency's position as a national reserve asset.
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🔍 Market Analysis
Future Predictions: Some analysts expect Bitcoin to reach $220,000 by 2025, based on models that rely on gold performance.
Investor Behavior: Despite the increases, there are no signs of a price bubble, as investors remain cautious.
Technical Analysis: Bitcoin shows a strong upward trend, with support at the $90,000–$95,000 levels, indicating the potential for continued positive momentum.
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🧠 Summary
Bitcoin experienced a strong week, supported by positive regulatory developments and increasing institutional adoption. As it approaches its all-time highs, the market remains optimistic, but cautiously so. Investors are advised to monitor support and resistance levels.
For the main page and global market trends.
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