Bitcoin (BTC) remains a dominant cryptocurrency, driven by scarcity (21M cap), halving cycles (next in 2024), and adoption as "digital gold." Technical analysis shows key support at $60K and resistance near $70K. On-chain metrics like MVRV and NUPL suggest moderate bullish sentiment. Institutional interest grows via ETFs, but macro risks (Fed rates, regulations) persist. Network upgrades (Taproot, Lightning) improve scalability. Long-term, BTC’s decentralized nature and store-of-value narrative may sustain growth, though volatility remains high. Watch hash rate (network security) and whale activity for trends. A break above $70K could target $100K; failure may test $50K. Always DYOR. 🚀📉$BTC
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