This year’s Bitcoin price news has been largely driven by institutional investments, exchange-traded funds (ETFs) buying the cryptocurrency, and clear government policies supporting crypto use.
From a technical charting point of view, Bitcoin price is currently moving sideways. It is trading between $116,000 as a strong support and $123,000 as a resistance zone. The support level is where buying interest is strong, and the resistance level is where selling pressure starts.
Recently, Bitcoin price dropped to , but buyers quickly pushed the price up again. This shows that buyers are stepping in during price drops, preventing a deeper fall.
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