ShareYourThoughtOnBTC
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#ShareYourThoughtOnBTC Bitcoin is in a rising trend channel in the long term. Rising trends indicate that the currency experiences positive development and that buy interest among investors is increasing. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 67241. The objective at 84547 is now met, but the formation still gives a signal in the same direction. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the currency has support at approximately 72000 points. The currency is overall assessed as technically positive for the long term.
Recommendation one to six quarters: Positive (Score: 89)
Recommendation one to six quarters: Positive (Score: 89)
#ShareYourThoughtOnBTC $BTC is trading like gold lol there will another H.H of 110_114K thn back to 100K
Jed Brackins CkyU:
100,000 tonight
#ShareYourThoughtOnBTC
#BTCNextATH #MarketLiquidation #BTC🔥🔥🔥🔥🔥 #BTCRisecontinuous
$BTC
what's your opinion fellow binancians
#BTCNextATH #MarketLiquidation #BTC🔥🔥🔥🔥🔥 #BTCRisecontinuous
$BTC
what's your opinion fellow binancians
Bullish 98000 to 103500
63%
Bearish 96500 to 93500
37%
19 votes • Voting closed
#ShareYourThoughtOnBTC As we enter the weekend think BTC is going to surprise us with very seriousl bullish trend. Just an opinion from my view from the past few days.
#ShareYourThoughtOnBTC As of February 15, 2025, Bitcoin (BTC) is trading at approximately $98,385, reflecting an increase of $2,688 (2.81%) from the previous close.
In recent months, Bitcoin has demonstrated significant growth, reaching an all-time high of $104,000 in January 2025. This upward trajectory has been influenced by several factors:
1. Regulatory Developments: The anticipation surrounding President Donald Trump's administration, which is expected to adopt a pro-crypto stance, has positively impacted Bitcoin's price. Proposed executive orders to establish a national Bitcoin reserve and halt debunking practices signal a shift towards greater acceptance and integration of digital assets within the U.S. financial system.
2. Institutional Adoption: There has been a surge in institutional interest, particularly among pension funds. Notably, Michigan and the State of Wisconsin Investment Board have made significant investments in regulated U.S. exchange-traded funds, such as BlackRock’s Bitcoin ETF and Grayscale’s Ethereum ETF.
3. Market Sentiment: The bullish sentiment is reinforced by Bitcoin's position above key moving averages, traditionally indicating a strong upward trend. The surge in trading volume accompanying the breakout above $100,000 underscores significant buyer interest.
Looking ahead, Bitcoin is targeting the next major resistance at $105,000. If it can overcome this level, it may aim for new all-time highs in the range of $110,000 to $115,000. On the downside, $100,000 now serves as a short-term support level, with further support around $95,000.
In summary, Bitcoin's recent performance and the factors mentioned above suggest a cautiously optimistic outlook. However, as with all investments, it's essential to stay informed and consider the inherent volatility of the cryptocurrency market.
In recent months, Bitcoin has demonstrated significant growth, reaching an all-time high of $104,000 in January 2025. This upward trajectory has been influenced by several factors:
1. Regulatory Developments: The anticipation surrounding President Donald Trump's administration, which is expected to adopt a pro-crypto stance, has positively impacted Bitcoin's price. Proposed executive orders to establish a national Bitcoin reserve and halt debunking practices signal a shift towards greater acceptance and integration of digital assets within the U.S. financial system.
2. Institutional Adoption: There has been a surge in institutional interest, particularly among pension funds. Notably, Michigan and the State of Wisconsin Investment Board have made significant investments in regulated U.S. exchange-traded funds, such as BlackRock’s Bitcoin ETF and Grayscale’s Ethereum ETF.
3. Market Sentiment: The bullish sentiment is reinforced by Bitcoin's position above key moving averages, traditionally indicating a strong upward trend. The surge in trading volume accompanying the breakout above $100,000 underscores significant buyer interest.
Looking ahead, Bitcoin is targeting the next major resistance at $105,000. If it can overcome this level, it may aim for new all-time highs in the range of $110,000 to $115,000. On the downside, $100,000 now serves as a short-term support level, with further support around $95,000.
In summary, Bitcoin's recent performance and the factors mentioned above suggest a cautiously optimistic outlook. However, as with all investments, it's essential to stay informed and consider the inherent volatility of the cryptocurrency market.