#Bitcoin Technical Analysis:

4-hour chart:

BTC price is showing an upward trend in this time frame.

The 50-day moving average is rising, which is positive.

However, the 200-day moving average has been declining since April 17, 2024, suggesting a weak trend1.

1 day chart:

BTC price is between the 4-hour EMAs and the 1-day EMA.

We expect significant movement soon, and this point could be a turning point2.

Fundamental Analysis:

Bitcoin is the most traded cryptocurrency and remains the most famous and accepted throughout the world.

It was the first digital currency and has inspired many other cryptocurrencies.

Bitcoin is decentralized and transparent, meaning transactions cannot be censored.

Although some believe that Bitcoin will boost the global financial system, this remains to be seen3.

In summary, Bitcoin is showing mixed signals on technical charts, but its position as a leader in the cryptocurrency market remains strong. As always, it is important to do your research before investing. Good luck! 🚀