BTCUSD
Bitcoin is trading below the $113,600 resistance level, and prices are likely to move sideways between the $108,300 support and the aforementioned resistance.
Support |
108300 | 105200 | – |
Resistance | 113600 | 118200 |
– |
The price of Bitcoin rose slightly, trading near the $112,000 – $113,000 level, supported by investor expectations of interest rate cuts in the United States and increased liquidity inflows into the markets. This rise reflects continued institutional interest in the cryptocurrency as major entities enter the market. However, concerns are emerging over potential selling pressure due to “whales” offloading large amounts of Bitcoin in recent weeks, which could lead to possible price volatility in the coming period.
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