🟡 Bitcoin Today — Overview in Numbers

Current Price: $111,399 according to CoinMarketCap.

Circulating Supply: Approximately 19,932,790 BTC out of a maximum of 21 million

Market Cap: About $2.22 trillion approximately

24-Hour Trading Volume: Around $165.8 billion

📉 Technical Analysis and Influencing Factors

Current Trend and Phases in the Market Cycle

Some analyses suggest that Bitcoin has entered the late stage of a bull market cycle, with rising profit-taking indicators among investors.

A decline in new capital flows into Bitcoin compared to the past is noted, which may indicate a weakening bullish momentum.

Many new or short-term investors have begun to accumulate Bitcoin in hopes of offsetting losses, which may limit significant declines at this time.

Critical Support and Resistance Levels

Current Strong Resistance: It is expected that $116,000 may be a potential resistance point, which could act as a barrier to further upward movement.

Bitcoin may break its resistance if expectations for rate cuts from the Fed continue and liquidity returns to the markets.

On the opposite side, important support lies around $106,000-$108,000; if broken, it could lead to a deeper decline towards lower levels.

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