$BTC Bitcoin ($BTC) is currently trading at $107,321.99 USD, with a 24-hour trading volume of $23.6 billion.

*Market Stats:*

- *Market Capitalization:* $2.09 trillion

- *Circulating Supply:* 19.88 million BTC

- *Total Maximum Supply:* 21 million BTC

*Technical Analysis:*

- *Trend:* Bitcoin is currently in an uptrend, with the price above the 50-day and 200-day moving averages.

- *Support:* The next major support level is at $105,000.

- *Resistance:* The next major resistance level is at $110,000.

*Recent Developments:*

1. *Institutional Adoption:* Increased institutional investment in Bitcoin has contributed to its recent price surge.

2. *Regulatory Clarity:* Improving regulatory clarity in various countries has also supported Bitcoin's growth.

3. *Network Activity:* Bitcoin's network activity, including transaction volume and hash rate, continues to increase.

*Outlook:*

1. *Short-Term:* Bitcoin's short-term outlook appears bullish, with potential for further price appreciation.

2. *Long-Term:* Bitcoin's long-term prospects remain strong, with many experts predicting continued growth and adoption.

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