đ Price & Market Updates
Current Price: ~$109,520 USD, with intraday highs around $110,387 and lows near $108,624 .
Circulating Supply: Approximately 19.89 million BTC in circulation, out of a total capped supply of 21 million .
Market Cap: Around $2.18 trillion USD .
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đ ïž Technical Outlook
Analysis indicates bearish divergences across short- to mid-term charts, suggesting potential resistance around the $110Kâ$112K zone. That could limit upside momentum and possibly trigger a correction .
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âïž Supply Overview & Mining Context
Only about 1.11 million BTC remain to be mined, with issuance steadily decreasing due to halving events (latest halving on AprilâŻ20,âŻ2024, reducing block rewards to 3.125 BTC; next expected around 2028) .
Some BTC are permanently lost via âburn addressesââtotaling roughly 3,200 BTC (~0.016% of supply) âas well as coins stranded by lost keys or forgotten wallets (~20% estimated) .
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đ° Broader Crypto Landscape
Demand factors: Growing adoption via spot Bitcoin ETFs, institutions (like MicroStrategy, Tesla), and even national reserve interest .
Geopolitical context: The U.S. Treasury holds an estimated 200,000 BTC as part of a new âStrategic Bitcoin Reserveâ policy initiated MarchâŻ6,âŻ2025 .
Regulatory optimism: Positive sentiment driven by US spot ETF launches, acquisition trends, and signs of regulatory clarity .
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đ§ Takeaway for You
1. Near-term: Resistance around $110Kâ$112K may cap further gains; watch RSI and MACD indicators for trend confirmation.
2. Medium-term: Supply scarcity, ETF inflows, and institutional reserves can drive price higher, but monitor how U.S. regulations evolve.
3. Long-term: Limited supply (21âŻM cap), decreasing issuance via halvings, and lost coins enhance Bitcoinâs scarcity narrative.#BTCReclaims110K #BTC
