๐Bitcoin (BTC) is holding steady around $69,000, thanks to a significant demand zone between $66.9k and $68.9k, says IntoTheBlock. With over two million addresses accumulating a total of 1.1 million BTC in this range, the interest and activity among traders is palpable!๐ช
This demand zone is a critical buffer, indicating trader confidence and investment at these price levels. Despite the $70,000 hurdle, the data suggests BTC remains stable and could initiate another leg up soon.๐
The overall investor sentiment is bullish. Crypto trader Peter Brandt predicts BTC's current bull run could peak between $130,000 and $150,000 by late August to early September 2025, based on historical patterns.๐ฎ
Adding to the bullish momentum are significant developments in the BTC ecosystem. US Senator Ted Cruz, a crypto enthusiast, has initiated mining operations in Texas. Meanwhile, the Republic of Tatarstan aims to establish Russia's largest Bitcoin mining company, valued at approximately $100 million.๐
Stay tuned, BTC enthusiasts! The journey to the moon continues!๐๐