🔸️BTC Analysis 🔸️
💥 Bitcoin price increased by 0.78% over the past 24 hours, following a weekly gain of 2.37%, but it remains 1.76% below its 30-day average. This rise slightly outperformed the overall cryptocurrency market (+0.65%), indicating specific catalysts driving the coin. Below are the key factors:
🔸️Reduced selling pressure: Long-term investors reduced profit-taking activities, easing distribution pressure (Glassnode).
🔸️Supportive regulatory factors: South Korea's plan to launch spot Bitcoin exchange-traded funds by 2026 has boosted institutional confidence (CoinMarketCap).
🔸️Technical resilience: The stability above the support level at $90,000 and the key pivot point at $90,582 has strengthened bullish sentiment amid $2.2 billion in options expiring.
$BTC
$XRP
$ETH
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