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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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📊 Bitcoin (BTC) Market Analysis
Bitcoin is currently trading around $105,971, reflecting a daily gain of 1.63%. The price is holding above the 200-day SMA, confirming long-term bullish strength even amidst recent short-term corrections.
🔍 Technical Breakdown:
RSI: 41.25 → Nearing oversold territory, signaling a possible bounce.
SMA Levels:
SMA20: $102,331.70
SMA50: $99,201.26
SMA200: $77,874.79
Bollinger Bands: BTC is close to the lower band → undervaluation signal.
📈 Macro Insight:
Over $3.3B flowed into crypto products in the last week of May, marking strong institutional interest. Strategic accumulation and structural support are driving BTC toward potential breakout zones in the upcoming sessions.
🔮 Conclusion:
BTC is in a strong consolidation phase. If $95K holds, bulls may take the lead again. Long-term trend remains intact. Eyes on breakout above $108K for momentum continuation.
#BTC#
#Market#
#CryptoTrend#
#SupportZone#
#BullishMomentum#