Browsing: BTC

Bitcoin’s current charts echo the 2021 peak: A sign of repeating history? Bitcoin (BTC) has recently entered a consolidation phase after peaking at $123,250, with $118,800 emerging as a critical support level. Analysts monitor these levels closely to predict Bitcoin’s short-term direction and assess market strength.

Bitcoin’s institutional trading volume on Coinbase hits 75%, signaling potential price gains as historical data links such spikes to subsequent increases. With institutional demand outstripping daily mining output by 600% and corporate treasuries bolstering their BTC holdings, the stage is set for a bullish phase, further supported by anticipated Federal Reserve rate cuts.