Current Price:
* The price of Bitcoin is around $108,000 USD (or 759,847.66 Bolivianos). It has shown a rise of 2.56% in the last day and an increase of 7.94% in the last month. In the last year, it has had a variation of 51.66%.
Technical Analysis and Trends:
* Bullish Trend: Technical analysis indicates a bullish trend both in the short and medium term. Bitcoin has quickly regained ground after some occasional drops, reinforcing key supports (around $108,000 USD).
* Institutional Entry: The entry of institutional capital, driven by Bitcoin ETFs, remains a decisive factor supporting the bullish momentum. BlackRock's ETF, for example, has quickly accumulated $70 billion, although some net outflows have been recently observed.
* Resistance and Targets: It has remained above $100,000 USD and some analyses suggest that it is poised to seek $115,000 USD, with a target of $140,000 USD mentioned in the next two to three months.
* Volatility: Despite the overall bullish trend, some volatility is observed, with daily fluctuations. However, the recovery is quick, indicating solid support.
Relevant News:
* Institutional Interest: JPMorgan now accepts Bitcoin ETFs as collateral for loans, indicating growing acceptance of cryptocurrencies in the traditional financial sector.
* Developments and Adoption:
* Metaplanet plans to raise funds to add Bitcoin reserves, and Trump Media is considering launching its own Bitcoin ETF.
* Circle, the stablecoin company, has seen a significant increase in the stock market.
* Interest in stablecoins is heading towards a record in 2025, driven by new laws.
* Mining: Only 1.2 million BTC remain to be mined from the maximum supply of 21 million, which could influence the future dynamics of the currency.
* Various News: Reports have surfaced about the Paraguayan president's X account promoting Bitcoin (possibly hacked), and Coinsilium increasing its Bitcoin holdings.
In summary, Bitcoin shows positive behavior today, maintaining its bullish momentum and consolidating above key levels, backed by growing institutional interest and developments in the crypto ecosystem.
