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According to the latest data, Bitcoin is showing significant bullish behavior. The current price of Bitcoin $BTC is approximately **108,855.51 USD**, with a slight recovery after a small correction from the previously recorded **109,737.11 USD**.
## Recent Technical Analysis
Analysts indicate that the "bulls" (optimistic buyers) have regained firmer technical control over the Bitcoin market. This trend suggests a potential move towards **120,000 USD**, according to some market experts who are observing the positive momentum after the recent correction.
## Notable Corporate Acquisitions
A UK company, The Smarter Web Company, has made a significant investment in Bitcoin:
- Purchase of **45.32 BTC** valued at **4.73 million dollars**
- Average acquisition price: approximately **104,935 USD** per BTC
- This purchase increased their total holdings to **168.08 BTC**
The company aims to become the first publicly listed mining company in the UK with a Bitcoin-focused treasury strategy.
## Market Sentiment
The Bitcoin market currently shows a level of "extreme greed" according to some sentiment metrics. This usually indicates extreme optimism among investors, although historically it can also be a caution signal for potential corrections.
## Trading Volume
Recent data shows considerable trading volume:
- In the last 8 hours: approximately **1,238,819.92 USD** (11.39 BTC)
- In the previous 8 hours: approximately **13,952,266.07 USD** (127.92 BTC)
This level of trading activity indicates sustained interest in the Bitcoin market.
## Outlook
The current technical behavior suggests that buyers are regaining control of the market after a corrective phase. With the current price above **108,000 USD**, Bitcoin maintains its position as the dominant digital asset by market capitalization and continues to attract both institutional and retail investors.
