When it seems that bitcoin is heading to higher targets, potentially beyond $80k mark and eventually $100k mark, bitcoin drops.
In this article, we will discuss btc next target along with weekly analysis and news roundup.
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Bitcoin Next Target
- Current Market Price: $67,895.33
- 24-Hour Trading Volume: $28.26 billion
- Market Cap: $1.34 trillion
- Total Supply: 21 million BTC
- Circulating Supply: 19.71 million BTC
Next expected moves.
Technical Analysis
Bitcoin’s price has shown a positive trend, maintaining stability above significant resistance levels. The RSI (Relative Strength Index) indicates bullish momentum with a reading of 65.21.
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Moving averages also support a bullish outlook, with the 50-day MA crossing above the 200-day MA.
Recent News Roundup
- Donald Trump’s Pro-Crypto Stance: Former U.S. President Donald Trump has publicly advocated for Bitcoin mining, highlighting its role in defending against Central Bank Digital Currencies (CBDCs).
- MicroStrategy’s Bitcoin Holdings: MicroStrategy remains the largest corporate holder of Bitcoin, with significant investments strengthening its balance sheet. As of August 2022, the company held approximately 129,699 BTC, underscoring the strategic importance of Bitcoin in corporate treasury management.
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