$BTC

🔹 Latest News:

Investors are awaiting details regarding the U.S. Treasury policies as Donald Trump officially returns to the White House. There is strong speculation about the possibility of steps being taken to support Bitcoin as part of the nation's reserve assets, but no official statement has been issued yet. Additionally, hedge funds and institutions continue to accumulate Bitcoin due to optimism about its long-term performance.

🔹 ** Technical Analysis**:

Resistance Levels: $108,000 - $112,000

Support Levels: $100,000 - $96,000

Bitcoin has been recovering within an upward channel over the past week, and breaching the $108,000 area is a strong signal to continue this rise.

In case of a pullback and a break below the support at $100,000, we may see a drop towards the $96,000 area, which represents a more solid support.

Traders are advised to exercise caution and monitor changes in the context of federal storage provisions and regulations that may impact Bitcoin's movement in the markets.

#BTC #Analysis #Bitcoin