Cryp2jay
@cryp2jay
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43 Followers
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Bitcoin's current market activity shows a mix of stability and potential for growth.
*Market Trends and Predictions*
- Analysts expect Bitcoin to potentially move between $95,000 and $145,000 based on market consolidation and macro trends.
- Some predict a temporary dip to the $92,000 to $96,000 area, while others believe it could reach $120,000 to $145,000 by the end of June or early July
- The US government announced plans to create a Strategic Bitcoin Reserve, similar to gold reserves.
- Countries like El Salvador and Bhutan are exploring Bitcoin as a tool for national savings and financial independence ².
*Technical Indicators*
- The Relative Strength Index (RSI) is currently showing neutral signals, indicating neither overbought nor oversold conditions.
- Support levels are strong at $106,000, $103,000, and $100,000, while resistance lies around $110,000 to $112,000 0 reply
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