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Bitcoin price increased by 1 % over the past 24 hours for trading at 97,531 dollars from 11 pm EST, 15 % in trading volume to $ 31.35 billion.
This follows a bold investment in Abu Dhabi of $ 436.9 million in ISHARES Bitcoin ETF (IBIT) from Blackrock, indicating the increasing institutional confidence in digital assets. The investment, which was made through Mubadala Investment Company, is a 280 billion dollar resources fund, while increasing the accreditation of encrypted currencies in the Middle East.
Abu Dhabi just fell $ 437 million in Spot Bitcoin ETF. 🤑
Large money makes moves while hours range from side lines.Smart money or Nah? 👀 pic.twitter.com/znroCvxath
– Damaze 😵 (DAMAZE_BRO) February 14, 2025
It is worth noting that this step came when Blackrock got a commercial license in Abu Dhabi. Abu Dhabi has expanded its attendance for encryption, including the Bitcoin 2023 mining project with a digital marathon and Zero Two, with highlighting the region’s commitment to Blockchain and innovation in digital financing.
Bitcoin price at a crossroads: Will it break 100 thousand dollars or face a reflection?
Bitcoin (BTC) is currently Trading at 97,539 dollarsSlaves slightly less than the resistance level of $ 100,000, as merchants prepare to make a big step. Over the past few weeks, BTC has tested this level several times, which is a double pattern.
This sign historically calm hints to a possible reflection if buyers fail to pay prices up. However, a strong support for $ 95,000 was prevented from the main shrinkage, creating a tense standardization phase where the next penetration can dictate the direction of Bitcoin in the coming weeks.
BTCUSDT Source Analysis: Tradingview
The proportional power index of Bitcoin (RSI) is currently 46.90, and it hovering below the level of 50 neutral, indicating that there is no strong rise momentum. If the RSI rises above 50, this will emphasize the renewal of the purchase pressure, while the decrease of less than 40 can indicate a deeper correction.
In addition, Luxalgo Trendlines highlights the levels of collapse and the main collapse, with higher resistance at 105,618 dollars and lower support at 95,103 dollars. These technical signs provide a clear road map for the movement coming from Bitcoin.
Bitcoin price analysis: collapse or collapse?
The market is in a pivotal moment, as Bitcoin faces two main possibilities. If BTC collapses more than $ 100,000 with a strong size, this may lead to a upscale crowd about $ 105,000, with the potential of more bullish direction to $ 110,000 – 120,000 dollars in the extended upward trend. Such a move is likely to attract a new institutional attention, which enhances bitcoin dominance in the market.
On the other hand, if Bitcoin fails to break the resistance and lose support at 95,000 dollars, it may indicate the beginning of the declining direction, with potential price targets at $ 85,000, $ 80,000, or even less than $ 70,000. The collapse of less than 95,000 dollars is likely to get rid of the investor’s confidence and lead to the creativity of the loss, which speeds up the decline.
Traders remain on the edge of the abyss, and they are closely monitoring for a decisive collapse or collapse. The data on the series indicates that long -term holders are still accumulating, indicating confidence in Bitcoin capabilities in the long run. However, short -term traders exercise caution, because total economic conditions and organizational developments can affect market movements.
BTC Bull Token Presale Heads for two million dollars – the best purchase now?
Since Bitcoin prices are still unconfirmed, investors flow on a new Memoco -Bull (BTCBLL), which was launched just five days ago, and has already raised more than $ 1.5 million in a period between them.
This Bitcoin, in large part of it, has become the way it provides the holders of the actual Bitcoin (BTC).
BTCBULL is equivalent to her community with BTC AirDrops whenever Bitcoin reaches major prices. The next targets for the delivery of free Bitcoin to holders are $ 150,000 and 200 thousand dollars, making it an attractive choice for those who bet on Bitcoin’s future gains.
The system failed for us. So we created a new one. BTCBLL leads the charge. 🐂🔥 pic.twitter.com/dsoz7fpzt8
– BTCBULL_ToKEN (bebtcbull_token) February 11, 2025
In addition to BTC Airroprops, the team will also burn a percentage of the distinctive symbol supply for $ BTCBUL forever every time BTC rises by another $ 25,000, creating upward pressure.
Investors can also share BTCBULL to obtain an annual percentage (APY) by 262 %.
An analyst at 99bitcoins, a prominent YouTube channel that includes more than 725,000 subscribers, expects that BTC Bull Tokeen has the ability to rise 10x after launch.
Investors interested in participating in preliminary can visit the official BTC Bull to buy BTC Bull tokens for $ 0.002365 each using BNB, ETH, USDT or bank card.
Buy before price rise in less than 3 days to secure the best deal.
Buy BTCBLL codes on the official website here.
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