Could Bitcoin (BTC) maintain a height above 108 thousand dollars as institutional demand accelerates?
- Bitcoin (BTC) reached 108,592.69 dollars with a daily profit of 2.02 % and the market capitalization of $ 2.15 trillion.
- The maximum Bitcoin achieved a record number of $ 934.88 amid the increasing institutional demand.
Bitcoin (BTC) has risen to a peak during the day, amounting to 108,592.69 dollars before settling at 108,493.79 dollars, which represents an increase of 2.02 % over the past 24 hours. with This climbingThe market value extended to $ 2.15 trillion, which reflects a daily profit of 2.03 %.
Meanwhile, the trading volume jumped by 37.24 % to 50.34 billion dollars, which prompted the maximum rate of the market 24 hours to 2.33 %. It is worth noting that both rotation and total supplies stand at 19.87 million BTC, flowing to the maximum of 21 million. The fully diluted evaluation is now $ 2.27 trillion.
Bitcoin Cover his crushers receipt The highest level at all times is 934.88 billion dollars, revealing an increased institutional embrace. Companies continue to accelerate. Companies such as Metaplanet, The Blockchain Group and Norwegian Block Exchange reflect a Microstrategy approach.
According to Bernstein’s analysts, similar strategies can bring $ 330 billion to Bitcoin markets over the next five years. With the highlight of this trend, Ibit ETF of Blackrock exceeded $ 70 billion in just 341 days, outperforing the previous ETF record from Gold and becoming the fastest box in history.
Bitcoin eyes
Bitcoin (BTC) signals axial market signals. The current RSI is 60.18, while its average remains at 54.11. Since RSI violated the 60 level, buying momentum is intensifying. If more than 70 extends, the original may fall into an excessive timing area, which may attract applicants for profit in the short term.
The CMF index remains positive at 0.05, indicating that closed capital flows in BTC, which enhances the upward feelings.
Support sits near $ 105,000, while resistance is placed at $ 110,000. If Bulls can maintain resistance, the price may target $ 114,000 in the short term. On the contrary, a decline in support can withdraw the original to the area of $ 100,000. Modern candles show that buyers are preparing to control, with higher declines and upward structure, indicating the possibility of further bullish direction.
The moving averages reflect a bullish intersection. The average in the short term began in the curve up, as it is in line with the high relative strength index and CMF. This rapprochement often leads to severe directional movements when confirming. If the current size persists, the penetration may gain speed.
The encryption news was highlighted today
The strategy gets 1,045 BTC for $ 110 million, and total property is 582,000 Bitcoin
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