$BTC
š Bitcoin Update
ā The current price is around US $87,800.
ā The market condition is reported as "fragile" as Bitcoin has recently touched a seven-month low.
ā Experts are analyzing that this is a state of stagnation where the price is hovering between US $85,000 and US $90,000.
ā Key Indicator: The Market Value to Real Value (MVRV) ratio has remained low, which is less than previous levels.
ā Risks: Government regulation, reduced institutional investment, and liquidity issues could slow down market momentum.
ā Possibility: If indicators come out positive ā such as a decrease in interest rates, or better regulations for crypto ā Bitcoin could regain momentum in the next phase.
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