Price: ~$118,900 USD
High: $122,242
Low: $118,355
Market Cap: ~$2.36 Trillion
Circulating Supply: ~19.9M BTC
Trend: Bullish, moving toward all-time highs (ATH)
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2. Chart (Visual Snapshot)
The chart shows BTC’s long-term movement, highlighting major bull runs and crashes, emphasizing its highly volatile nature.
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3. Technical Analysis
Resistance: Around $123K
Support: Around $118K
Momentum: Strong upward momentum due to institutional buying
Indicators: Moving averages and RSI suggest overbought conditions but strong bullish continuation
Short-Term Outlook: Potential breakout to $125K if resistance is broken
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4. Fundamental Analysis
BTC is pushing toward record highs after crossing $122K.
US government moves to allow 401(k) retirement plans to include crypto have increased institutional inflows.
Market sentiment is positive due to ETF adoption, institutional buying, and macroeconomic optimism.
Current rally is fueled by long-term bullish investors aiming for $140K targets.
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5. Bitcoin Description
Bitcoin (BTC) is a decentralized digital currency based on blockchain technology, launched in 2009 by an unknown creator under the pseudonym Satoshi Nakamoto.
Total Supply: Capped at 21 million BTC
Nature: Peer-to-peer, borderless, resistant to censorship
Price Drivers: Market demand, adoption, regulation, and macroeconomic factors
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