Global corporations continue to buy Bitcoin, shrugging off short-term tensions The Chairman hints at a new purchase from Strategy, as such posts of portfolio charts often follow announcements of $BTC holdings growth
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The daily chart indicates that $BTC bitcoin is in a consolidation phase after peaking near $BTC 112,000. This level formed a double top, which triggered a pullback toward the psychological support at $BTC 100,000. Despite this decline, the support structure remains intact, with notable buy interest re-emerging near $102,000. Oscillators on the daily timeframe paint a mixed picture, with the relative strength index (RSI) at 52 and the commodity channel index (CCI) at -59, both signaling neutral momentum. A bearish engulfing pattern, however, continues to weigh on sentiment, even as the declining volume suggests that selling pressure may be weakening. #SouthKoreaCryptoPolicy #BigTechStablecoin
Tim Draper: $BTC 250K Coming in 2025, May Go ‘Infinite’ Against Dollar Bitcoin is primed for a breakout as Tim Draper reaffirms his bold $250K target, citing accelerating institutional adoption, regulatory clarity, and powerful blockchain innovations.
Tim Draper Reaffirms $BTC 250K Target Amid Institutional Surge and Regulatory Clarity Venture capitalist Tim Draper reiterated his long-held price target for bitcoin on social media platform X on June 4, stating once again that he expects the cryptocurrency to hit $250,000 by the end of this year. Draper, who has been forecasting this level for several years, maintained his position amid renewed market momentum. #BigTechStablecoin
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