#Bitcoin Most Crucial Trend Line As long as #BTC stays abo | mahad_crypto112 on Binance Square

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mahad_crypto112

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#Bitcoin  Most Crucial Trend Line
As long as #BTC stays above this trend line, there’s no reason to worry.
The monthly candle may not look bullish now, but there’s still one week left before it closes. 🕒
Keep it on your radar.
#ChristmasMarketAnalysis #ElSalvadorBTCReserve 
$BTC 

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#ReboundRally Bitcoin Price Update The current Bitcoin price is $98,291, which is $4,075 (4.33%) higher than the previous close. Technical Analysis *Support and Resistance Levels* Bitcoin's price is currently between the $92,000 support and $98,000 resistance levels. If the price breaks through these levels, it may signal a new direction. *RSI (Relative Strength Index)* The RSI is currently in the overbought zone (above 70), indicating a potential correction or consolidation in the price. *MACD (Moving Average Convergence Divergence)* The MACD line is above the signal line, but the declining histogram bars indicate a decrease in momentum. *Volume* The volume is lower at price tops and higher at price bottoms, indicating weak price movements. Fundamental News *MicroStrategy's Bitcoin Purchase* MicroStrategy purchased 149,880 Bitcoins in December 2024, increasing their total holdings to 423,650 Bitcoins, worth $42.43 billion. *Bitcoin's Limited Supply* Bitcoin's price has surpassed $100,000, partly due to its limited supply (maximum 21 million Bitcoins). So far, 19.8 million Bitcoins have been mined, and it will take over a century to mine the remaining ones. *Quantum Computing Threat* Quantum computing technology may pose a threat to Bitcoin's security in the future, as it can break advanced encryption. Experts believe this threat may materialize in the next 10 years or more. #Crypto2025Trends $BTC

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