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#BTC#
Bitcoin (BTC) Current Data:
* Current Price (approximately):
* USD: 103,588
* 24-Hour Change: 0.19% increase
* Market Value: Approximately 2.06 Trillion USD
* 24-Hour Trading Volume: Approximately 50.03 Billion USD
* Circulating Supply: Approximately 19.86 Million BTC
Bitcoin's Trendy Direction:
Short-Term:
* The last 24 hours are showing a slight increase.
* There is an increase of approximately 6.78% on a weekly basis.
* Some technical analyzes show that the $95,300 level is a significant resistance and that the rise may continue if this level is maintained.
* On the other hand, some analysts state that the $91,500 level is a significant support and that declines may be seen below this level.
* Short-term indicators are giving mixed signals; some indicate that the upward momentum may continue, while others indicate that they are in overbought areas and that the risk of correction is increasing.
Medium Term:
* A significant uptrend of approximately 22.53% is prevailing on a monthly basis.
* Medium-term forecasts predict that $86,499 is an important support level and that the uptrend will continue as long as it is held above this level.
* The $99,600 level is seen as the next important target and there is a potential for a larger breakout if this level is exceeded.
Long Term:
* There is an increase of approximately 68.37% on an annual basis.
* In general, Bitcoin continues to be seen as an asset with the potential to maintain and increase its value in the long term.
* Macroeconomic developments, interest from institutional investors and increases in adoption rates continue to be important factors affecting the long-term trend.
In summary:
While Bitcoin is currently moving sideways or slightly upward in the short term, a strong uptrend is dominant in the medium and long term.
Best regards