Latest #analysis for Bitcoin $BTC
Current Price and Market Cap*
$BTC Bitcoin is trading at $104,790.96 with a market capitalization of $2.07 trillion. The current price represents a 0.04% increase from the previous close.
Recent Developments
- Rising corporate interest in Bitcoin was highlighted at Bitcoin 2025, with Michael Saylor noting its growing adoption.
- Trump Media plans to invest $500 million in Bitcoin, while SoftBank and Jack Mallers aim to acquire 42,000 BTC.
Technical Analysis
- Support zone: $106,800 - $107,300, with strong buying interest and alignment with the 200 EMA.
- Resistance zone: $111,794.8 - $111,829.8, with expected selling pressure.
- Potential price targets:
- Short-term targets: $108,000, $107,000, and $106,000 if price stays below $110,000.
- Long-term targets: $112,000 and $122,000, based on bullish market trends and AB=CD structure.
Market Outlook
- Bitcoin's Sharpe Ratio is in a medium risk zone, indicating potential for price growth.
- Analysts expect Bitcoin to continue its bullish trend, with some predicting a brief corrective formation within the broader trend.
