#BTC#

Bitcoin (BTC) has been showing a very active chart lately. Here is a brief summary of the current state and trends:
Last status:
* Price: The current price of Bitcoin fluctuates in the range of 110,000 - 111,000 USD.
* 24-hour change: A positive change is usually observed over the last 24 hours. The increase ranged from 1.5% to 3.5%.
* Weekly and Monthly Changes: There are also significant increases on a weekly and monthly basis. The weekly change is about 4% to 7%, and the monthly change is about 22% to 28%.
* Market capitalization and trading volume: Although the market capitalization of Bitcoin exceeds $2.15 trillion, its daily trading volume is around $70-75 billion.
Trends and Analysis:
* Movement in an ascending channel: Bitcoin has been moving in an ascending channel for about 1.5 months. Consolidations have occurred in this channel, and it has broken through resistances with each touch of the support levels, achieving a growth of approximately 15-18%.
* Target prices: While some analysts expect movement towards levels of 130,000-140,000 USD, others may anticipate a correction to levels of 90,000 USD in the short term. In the long term, there are quite ambitious forecasts of (600,000 USD in 2025, over 2 million USD in 2040).
* Historical maximum (ATH): Bitcoin recently reached a new peak (ATH) at $109,000 and is trying to maintain above this level.
* ETF Effect: Growing interest in Bitcoin ETFs ( exchange-traded funds ) and significant inflows of funds are seen as an important factor supporting the price. In particular, investments by large asset managers, such as BlackRock, in Bitcoin ETFs are viewed positively in the market.
• Macroeconomic factors: macroeconomic events, such as the decrease in interest rates in the USA, are important factors that can influence the price movement of Bitcoin.
* Technical Indicators: Technical analysis indicators, ( such as RSI, MACD) can provide various signals. While some indicators show that they are in the "oversold" territory, others may give a "strong sell signal" in the short term. However, when moving averages are considered overall, sell signals gain weight.
Current news:
* Bitcoin continues to rise, supported by the ETF boom and soft inflation data.
* Positive news, such as the state of Texas passing the law on the strategic reserve of bitcoins, continues to come in.
* Some analysts predict that Bitcoin could reach $150,000 by August, according to bull market patterns.
* Despite Bitcoin being close to its all-time high, the fact that Google search trends remain at 2022 levels may indicate that widespread retail interest has not fully returned.