🚀 Bitcoin Market Update – May 17, 2025

📌 Current Price: $104,009

📌 24h Change: +0.6%

📌 Market Cap: $3.49 Trillion

📌 24h Trading Volume: $71.55 Billion

📌 BTC Dominance: 59.12%

📌 Fear and Greed Index: 71 (Greed)

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📊 Technical Analysis:

Support Level: $100,000

Resistance Level: $105,000

RSI (Relative Strength Index): 68 (Near Overbought)

MACD: Bullish crossover observed, indicating upward momentum.

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📰 Recent News Highlights:

Galaxy Digital's Nasdaq Debut: Mike Novogratz's Galaxy Digital has begun trading on the Nasdaq, marking a significant milestone for crypto firms entering traditional financial markets.

Institutional Interest Grows: Bitcoin's surge past $104,000 is driven by renewed optimism surrounding potential U.S. interest rate cuts and increased buying activity from institutional investors.

Regulatory Developments: The U.S. Senate is poised to pass the GENIUS Act, a significant piece of legislation that would be the first major regulatory framework for stablecoins in the crypto industry.

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📈 Trading Strategy:

Entry Point: $102,000 - $103,000

Take Profit Targets:

TP1: $105,000

TP2: $110,000

Stop Loss: $99,000

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💬 Do you think Bitcoin will break $105K this week? Share your thoughts!

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