#BTC

When observing the evaluation of Bitcoin (BTC) at the end of the day, it can be seen that it depicts an overall positive picture.
Current Status:
* Price: The current price of Bitcoin is approximately $107,000 - $109,000. ( may vary slightly depending on the source. ).
* Recent 24-hour change: Most sources observed a growth ranging from 0.46% to 3.93% in the past 24 hours.
* Weekly and monthly changes: There has also been a significant increase on a weekly and monthly basis, with a weekly increase of about 2-4% and a monthly increase of 23-25%.
* Market value and trading volume: Bitcoin's market value exceeds 2.13 trillion USD, and the daily trading volume is also quite high, approximately 50 billion USD.
Technical Analysis and Expectations:
* Ascending Channel: It is said that for the past 1.5 months, it has been fluctuating within an ascending channel, recording approximately 15-18% growth after consolidation within that channel.
* Resistance and support levels:
* Some analysts indicate that the levels of $107,000 - $109,000 are being tested as resistance, and if these levels are broken, we might see levels of $110,000 - $111,000.
* Support levels are approximately at $96,900 and $104,600.
* Some estimates suggest that the resistance at $105,755 is likely to be broken.
* Long-term expectations:
* It is expected to reach a new record of approximately $150,000 by the end of 2025.
* In the long run, ( could reach $250,000 by 2030), and in some bullish scenarios, it could even reach $1.5 million.
* RSI Status: If the RSI breaks the downward trend, it may increase the likelihood of Bitcoin breaking through the current resistance level.
In summary:
Bitcoin continues to rise, with technical indicators generally showing a positive trend. In the short term, if resistance levels are tested and broken, the upward trend is expected to continue. Long-term estimates show quite ambitious targets.
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