$BTC
Here are the latest updates on Bitcoin ($BTC) from Binance Square:
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๐ Market Volatility Ahead of Fed Decision
Bitcoin's price dipped to approximately $59,500 on Binance as traders braced for the Federal Reserve's upcoming interest rate decision. The CME FedWatch Tool indicates a 95.6% probability that rates will remain unchanged, with only 4.4% expecting a rate cut.
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๐ Corporate Adoption Accelerates
Brazilian fintech company Mรฉliuz has become the most traded stock in Brazil for 2025, with a year-to-date increase of 197%. The company holds over 320 BTC and plans to raise $78 million to acquire more, signaling a strong corporate shift towards Bitcoin.
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๐ Technical Analysis Suggests Bullish Trend
Analysts have identified a potential "Inverse Head & Shoulders" pattern in Bitcoin's chart, suggesting a possible price target between $500,000 and $1 million by 2029โ2030. This projection is based on technical indicators and market trends.
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๐ Explore More on Binance Square
Stay updated with the latest Bitcoin news and discussions by visiting the #BTC hashtag page on Binance Square.
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