1. The current situation
$BTC The price is currently around ~ US$ 88,000-93,000 approximately based on various sources.
The market value (Market Cap) is high — a leading cryptocurrency, but there are signs of weakness in momentum.
Technically, the indicators suggest a 'Strong Sell' in the short and medium term. For example, the Investing site states that all moving averages indicate 'Sell'.
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2. Factors that affect it
Supporting factors:
Supply is limited: No more than ~21 million coins will be issued. This enhances the idea of 'scarcity'.
Institutional demand: Interest in Bitcoin ETFs is increasing, which could support the price if the inflow rises.
Impediments / Risks:
Very high volatility: The currency is affected by fluctuations in the global market, and does not always serve as a safe haven like gold.
Negative technical signals: For example, a 'Death Cross' may appear, which is a strong sell signal for some analysts.
Impact of regulations and laws: Regulatory bodies in some countries are cautious towards it, increasing uncertainty.
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3. Important technical points
The main support is around ~ US$ 90,000. If it breaks, the decline may continue.
Resistance: The price recently reached > US$ 100,000, indicating that any breakout above this level could drive a rise.
Indicators like RSI, MACD, and moving averages all signal selling pressure.
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4. Personal analysis and advice
In my opinion:
If you are a long-term investor and believe that Bitcoin will continue to grow in the long run, this opportunity may be suitable, but I advise entering gradually and not with all capital at once.
If you are a short or medium-term trader, I think the current phase necessitates caution — conditions seem volatile, and support may break.
Very important: Do not put all your investments in Bitcoin only — portfolio diversification is very important.
Finally: Keep an eye on regulatory news and sentiment reports as they play a significant role.
