🔶 Current Status of Bitcoin (BTC):
Price: Approximately $107,315
24-hour Change: Decrease of 0.81%
Daily Trading Volume: $52.4 billion
📰 Top News and Developments:
📌 1. Major Support from the Trump Family:
Trump and Donald Trump Jr. announced: eric
Allocation of $2.5 billion to create a strategic Bitcoin reserve.
Via Truth Social platform and TMTG group.
Statement: "We will make Bitcoin a staple in the United States."
📈 2. Price Predictions:
Trump: Expects Bitcoin to reach $170,000 by the end of 2025.eric
Other analysts: Predicted a range of $150,000 - $200,000.
🧠 3. Opinions of Prominent Investors:
Mike Hoh: Sees price volatility as a tool to develop smart investment strategies.
Matt Brozak: Recommends accumulating Satoshis continuously "to the max," trusting in the future of BTC.
📊 Current Technical Analysis:
Chart Pattern: A bearish flag has formed on the hourly frame.
Nearby Resistance: $108,504
Critical Support: If it breaks $107,000, it may drop to $105,905 then $104,256
Technical Recommendation:
Sell if the price stays below $107,000 (with a stop-loss above $108,504)
Buy if it breaks above $108,504 with strong trading volume
💡 Overall Conclusion:
Bitcoin is witnessing increasing political and institutional support.
Future outlook is positive and ambitious, especially with major figures and countries entering the space.
However, technically: the price is currently in a sensitive area and needs a clear breakout to confirm the upward trend.
Cryptonews
