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If you want to be a qualified investor, pay attention to market news and learn technical indicators --Bingham Clark
Broadcom stock price target maintained at $400 by Bernstein on AI growth

Bernstein SocGen Group has reiterated an Outperform rating and $400 price target on Broadcom Limited (NASDAQ:AVGO), citing strong compute demand and confidence in the company’s growth trajectory. The target represents significant upside from the current price of $336.41, with InvestingPro data showing 26 analysts have recently revised their earnings estimates upward.

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Bitcoin’s On-Chain Profitability Has Surged With 97% of Supply Now in Profit: Glassnode

Glassnode says bitcoin’s breakout to record highs came on the back of $2.2 billion in ETF inflows and steady accumulation from smaller holders, not speculative hype.

  • Glassnode says bitcoin’s rally to new highs above $120,000 was driven by $2.2 billion in spot ETF inflows and renewed on-chain accumulation.
  • Per on-chain data, smaller and mid-tier investors have been steadily buying, offsetting light profit-taking from larger whales.
  • Despite strong fundamentals, the firm warns that rising leverage and funding rates above 8% could increase short-term volatility.
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Bitcoin leads record-breaking inflows as investors chase the ‘debasement trade’

Bitcoin surged to $126,200 as global crypto digital products logged $5.67 billion in record inflows, reflecting renewed investor faith amid fiscal and geopolitical risks.

  • Bitcoin reached a new all-time high of $126,200, backed by a record $5.67 billion ETP inflows.
  • Fiscal and geopolitical uncertainty have revived the “debasement trade” narrative.
  • Institutional inflows dominate while retail participation continues to decline.
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Life insurer Meanwhile raises $82M for Bitcoin financial products

Bitcoin insurer Meanwhile raised $82 million led by Bain Capital Crypto and Haun Ventures to expand Bitcoin-denominated savings, annuities and insurance products.

Bitcoin life insurance company Meanwhile has raised $82 million in a new funding round led by Bain Capital Crypto and Haun Ventures.

The company, regulated by the Bermuda Monetary Authority, plans to use the funds to meet “surging demand” for Bitcoin-denominated retirement and “inflation-proof” savings products, according to a Tuesday announcement.

Meanwhile offers Bitcoin-based life insurance, annuities, savings products and insurance bonds for individuals and institutions, with all premiums, policy values and claims managed in Bitcoin

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Stock market today: S&P 500 hits another closing record as AMD leads tech rally

The S&P 500 hit fresh closing all-time highs Monday, as Advanced Micro Devices surged following a deal with AI-darling OpenAI, lifting broader tech and overshaddowing an ongoing govenrment shutdown.  

At 4:00 pm. ET (20:0-0 GMT), the benchmark S&P 500 rose 0.4% to a closing record of 6,740.18. The tech-heavy Nasdaq Composite rose 0.9%. to also clinch a all-time closing high of 22,941.67.  Meanwhile, the blue-chip {{169|Dow Jones Industrial Average fell 0.1%.

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U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.14%

 U.S. stocks were mixed after the close on Monday, as gains in the Consumer GoodsUtilities and Technology sectors led shares higher while losses in the TelecomsHealthcare and Financials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 0.14%, while the S&P 500 index gained 0.36%, and the NASDAQ Composite index climbed 0.71%

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Bitcoin Surges Above $123K, Nearing New Record as Bullish Q4 Sentiment Fuels Weeklong Rally

This recent run has been fueled by institutional demand and a shifting macro environment.

  • Bitcoin climbed within close sight of a new record high after a five-day rally that’s seen it rise nearly 15%.
  • Renewed bullish momentum appears driven by strong institutional demand and broader macroeconomic pressures.
  • Economist Noelle Acheson says rising interest in hard assets like bitcoin could give this rally staying power.
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Today’s Bitcoin Trend Analysis

Bitcoin continues its strong upward trend. The daily chart shows consecutive days of gains, forming a clear upward trend. The hourly chart showed a strong upward trend just this morning, and remains within a high range. The hourly MACD histogram continues to increase in volume, strengthening bullish momentum. The daily MACD fast and slow lines are diverging upward, indicating a strong medium-term trend. The hourly RSI has entered overbought territory (80.40), suggesting possible short-term correction pressure. The daily RSI remains near 70, indicating a strong market. The hourly EMA7, EMA30, and EMA120 are all bullish, with the price consistently trading above the EMA7, providing strong support. The daily EMA also maintains a bullish pattern, further confirming the upward trend. In the short term, the price is expected to break through its previous high and set a new all-time high.

Bitcoin short-term trading strategy:
Long at 121,200
Short at 127,500

Today’s Bitcoin Trend Analysis

Bitcoin is currently trading at 120,400, and is range-bound. Neither technical indicators nor external factors provide a clear single directional driver. A golden crossover in the moving average system reinforces bullish momentum. The price is approaching strong resistance at 120,300, further increasing the difficulty of an upward breakout. The daily chart shows a strong upward breakout trend, but may face short-term correction pressure. The daily MACD remains bullish, with signs of weakening 2-hour momentum emerging. The overall EMA trend remains upward.

Short-term strategy reference:

Long position at 118,000
Short position at 121,000

US, European stocks hit record highs as investors shrug off US shutdown impact
  • Investors sanguine about impact of US shutdown
  • US, European stocks at new all-time high
  • Two more Fed cuts expected this year after weak ADP jobs report
  • Gold hovers near record highs

 Global stocks gained and gold traded near record highs on Thursday as investors took in their stride the potential ramifications of a U.S. government shutdown, while a weak private U.S. labor market report bolstered bets for Federal Reserve rate cuts.

Investors have been largely sanguine about the shutdown’s impact on the markets and economy, helped by data of past shutdowns that showed limited fallouts. Morgan Stanley, for example, said U.S. share prices have risen an average 4.4% while real U.S. economic growth has expanded 2.2% during shutdowns in the past.

Bitcoin Hits $120K With Traders Eyeing Bullish October Rally

Open interest in BTC futures hits all-time high as Fed uncertainty and ETF hopes boost crypto sentiment.

  • Bitcoin surged past $120,000 for the first time since August as traders bet on a bullish October for risk assets.
  • BTC futures open interest hit a record $32.6 billion, signaling strong momentum in crypto derivatives markets.
  • A U.S. government shutdown has paused ETF reviews and could slow economic growth, adding uncertainty ahead of the next Fed meeting.
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Bitcoin clears $120K as onchain data points to a new BTC accumulation phase

Bitcoin cleared the $120,000 level for the first time since August as long-term selling cools and short-term holders stabilize, hinting at a fresh accumulation phase.

  • Bitcoin clears the $120,000 hurdle as long-term holder selling pressure eases.
  • Short-term holders are absorbing losses, signaling market stabilization.
  • Neutral LTH flows may set the stage for a decisive breakout.
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Bitcoin Trend Analysis Today

From a technical perspective, Bitcoin’s daily chart shows a recent continuous price increase, with a large bullish candlestick formed yesterday, breaking through the previous range. The hourly chart shows a step-by-step upward trend, but there are signs of a slight pullback from the current high. The hourly DIF and DEA indicators in the MACD technical indicators are both above the zero axis, with the histogram shortening and momentum weakening. A bullish trend is evident on the daily chart, with continued volume growth. The hourly chart is in overbought territory near 75, suggesting potential for a short-term correction. The daily RSI is gradually entering strong territory, indicating an overall bullish trend. The hourly EMA7, EMA30, and EMA120 are all bullish, with the price consistently trading above the EMA7. The daily EMA system also maintains a bullish pattern, providing strong support. In the short term, a trend-following long position is the primary strategy.

How to use AI to spot whale wallet moves before the crowd

Stop reacting, start predicting: How AI spots whale moves that can make or break the market before anyone else notices.

  • AI can process massive onchain data sets instantly, flagging transactions that surpass predefined thresholds.
  • Connecting to a blockchain API allows real-time monitoring of high-value transactions to create a personalized whale feed.
  • Clustering algorithms group wallets by behavioral patterns, highlighting accumulation, distribution or exchange activity.
  • A phased AI strategy, from monitoring to automated execution, can give traders a structured edge ahead of market reactions.
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Metaplanet Acquires 5,288 BTC, Lifts Total Holdings to 30,823 BTC

Stronger Bitcoin strategy drives revised forecasts of $46M revenue and $32M operating profit, though shares fall sharply.

  • Metaplanet acquired 5,288 BTC in Q3, bringing total holdings to 30,823 BTC worth $3.33 billion.
  • Revised FY2025 guidance projects $46.26 million in revenue and $31.97 million in operating profit, up nearly 100% and 88% from prior estimates.
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Bitcoin Regains$ 117K Level As Fresh Economic Data Flags Weak Growth

Crypto markets began what is historically their strongest quarter on a positive note.

  • Bitcoin surged past $117,000 as weak U.S. economic data fueled expectations of imminent rate cuts.
  • The ADP jobs data for September was the weakest print in nearly three years.
  • U.S.-listed spot bitcoin ETFs saw $950 million in inflows to end September, signaling renewed investor demand.
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Bitcoin Trend Analysis Today

The current price of Bitcoin is 113930. The BTC oscillation pattern remains unchanged, with the price fluctuating between key support and resistance. Technically, the bullish arrangement of the moving average system and the golden cross form a strong bullish resonance, indicating that market momentum has increased. The daily line quickly rose from 109630 to 113930, forming a large positive line, breaking through the previous oscillation range and showing a strong upward trend. Multiple consecutive positive lines with long lower shadows in the 2-hour period indicate that bullish forces are dominant, but there are signs of selling pressure at high levels. The MACD daily line is in a strong bull market; the 2-hour momentum is still bullish, and the EMA is in a bullish arrangement. Overall, the short-term trend has changed significantly, and following the trend is the main trend.

Stocks rise, dollar dips, gold surges as possible US government shutdown looms

Global stocks rose on Monday while the dollar retreated as investors prepared for a possible shutdown of the U.S. government, which could delay publication of the September payrolls report and a raft of other key data due this week.

Gold roared to another high, powered by the dip in the dollar and by investor concerns about the possible ramifications of a U.S. government shutdown.

President Donald Trump will meet with top Democratic and Republican leaders in Congress later on Monday to discuss extending government funding. Without a deal, a shutdown would begin from Wednesday, the same day when new U.S. tariffs go into effect on heavy trucks, patented drugs and other items.

Bitcoin bulls are back: Here’s what is needed for a rally to $120K

Bitcoin opened the week with a strong rally above $114,000, and these three developments could send BTC price back to its monthly range highs

  • Clearer digital asset regulation, highlighted by this week’s high-profile SEC–CFTC roundtable, could strengthen investor confidence.
  • A temporary resolution of the looming US government shutdown may ease risk aversion and boost Bitcoin price.
  • Labor market data and Strategic Bitcoin Reserve expectations could fuel renewed momentum toward the $120,000 level.
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UN: Experiment With Pension Funds Proves Blockchain as ‘Ultimate’ Identity Tech

The United Nations’ pension fund tried blockchain technology to back up a “digital certificate of existence” that vastly improved its old, paper-based system.

  • The United Nations adopted blockchain technology to improve its identification system in its global pension program, and its successes were documented in a white paper this week.
  • The UN was so happy with the improvements that it’s seeking to expand the blockchain use throughout its system and share it with other international organizations, the paper said.
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Ethereum co-founder shifts $6M of ETH, but whales bought $1.6B

Ethereum co-founder Jeffrey Wilcke seemingly still holds hundreds of millions worth of Ether across multiple wallets.

Ethereum co-founder Jeffrey Wilcke could be looking to sell some of his Ether holdings after sending around 1,500 ETH to crypto exchange Kraken on Thursday.

Wilcke sent 1,500 Ether , worth around $6 million, to the crypto exchange, according to onchain analytics platform Lookonchain. It came as the price of Ether dropped from $4,000 to around $3,900.

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Bitcoin Falls Below $111K, Crypto Stocks Plunge as GDP Revision Dampens Rate Cut Odds

The U.S. economy grew 3.8% in the second quarter, much higher than previously reported, sending yields higher and risk assets lower.

  • Crypto prices added to losses as strong U.S. economic data impacted market expectations for Federal Reserve rate cuts.
  • Bitcoin dropped below $111,000, its lowest since early September, while ETH led far steeper declines in the altcoin sector.
  • Crypto-related stocks, including MSTR, COIN, DATs and miners, suffered sharp losses.
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Ether Treasuries Are Going Mainstream: Crypto Investment Firm Bitwise

Digital asset treasuries are now allocating to ether at scale, creating structural demand that exceeds new supply, the report said.

  • Bitwise said digital asset treasuries (DATs) are driving ether demand beyond new supply, boosted by fees and maximal extractable value (MEV).
  • Big DATs may dominate, cementing ether as a programmable treasury asset, the asset manager said.
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Bitcoin Trend Analysis Today

From a technical perspective, BTC recently formed a large bullish candlestick on the daily chart, signaling a strong bullish trend. On the hourly chart, BTC has seen a series of small, volatile bullish candlesticks at higher levels, suggesting some short-term upward pressure, but the overall trend remains positive. The hourly MACD indicator continues to show red bars and high trading volume, while both the DIF and DEA indicators are showing upward divergence, indicating strengthening market momentum. The daily RSI is at 66, indicating bullish market sentiment, strong short-term support, and a bullish long-term trend.

Today’s Bitcoin Short-Term Trading Strategy
Long around 113,000
Short around 115,400

Bitcoin Trend Analysis Today

From a technical analysis perspective, BTC has been steadily rising on the daily chart, with yesterday’s strong bullish candle breaking through the previous high, indicating strong bullish momentum. On the hourly chart, the price has been trending upwards with a series of higher lows and higher highs, maintaining a bullish trend in the short term. Technical indicators show that the hourly MACD histogram is positive and increasing in volume, with the fast and slow lines diverging upwards, indicating strong momentum. Today’s short-term trading strategy: Buy at 116000; Sell at 118500.

The Fed’s 25 basis point interest rate cut was in line with market expectations. Cryptocurrency prices initially fell but then rebounded. While the market had already anticipated this rate cut, the Fed’s overall easing cycle is not over, and the underlying logic remains unchanged. Furthermore, the Fed’s rate cut was not the primary driver of the recent rise in cryptocurrency prices. The US dollar index and US Treasury yields initially declined but then quickly rebounded. Geopolitical risks, such as the escalation of the Russia-Ukraine conflict, tensions in the Middle East, and the impact of the energy crisis and war in Europe, also contributed to supporting cryptocurrency prices.

Today’s Bitcoin Trend Analysis

Bitcoin is currently in a clear downtrend, and technical signals indicate bearish momentum. The moving average system shows a bearish arrangement, with both short-term and long-term moving averages trending downward. The price is trading below these moving averages, indicating a bearish trend. The daily chart fluctuates between 115,000-117,000, with strong support below. The 2-hour candlestick chart shows a downward trend from the high point, and the latest candlestick forms a small positive candlestick pattern, reflecting the fierce short-term battle between bulls and bears. The 2-hour EMA is under short-term pressure, while the daily EMA 120 provides long-term support. In the short term, after testing this bottom, it is recommended to go long around $114,000 and short around $117,000.

Analyst Predicts ‘Uptober’ Rally for Bitcoin Regardless of Fed’s FOMC Decision

Two prominent crypto analysts point to bitcoin’s lag versus gold and the S&P 500 as well as the “Uptober” trend as reasons to be bullish on BTC.

  • Bitcoin traded at $116,236 on Sept. 17, holding support above $116,000 after touching a high near $117,317 earlier in the day.
  • Dean Crypto Trades said bitcoin has compressed more than gold and the S&P 500 since the post-election rally, making it likely to lead the next larger move.
  • Lark Davis said every September FOMC since 2020 — except in 2022 — has preceded strong bitcoin gains, reinforcing the seasonal “Uptober” trend.
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Why We Need More Stablecoins

Stablecoins are quietly rewriting the rules of global finance. They give anyone, anywhere, access to money that moves instantly, across borders, with incentives aligned to users rather than banks.

Stablecoins are the real success story in crypto. In the past six years, Stablecoins have quietly become indispensable. Since 2019, people have used stablecoins to move $264.5 trillion across 18 billion in transactions. Why? Stablecoins let you hold money onchain without having to worry about volatility, making them the easiest way to store value and transact in the crypto economy.

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Wall St gains after Fed indicates more rate cuts; Intel soars
  • Indexes up: Dow 0.32%, S&P 500 0.56%, Nasdaq 1.03%
  • Intel jumps as Nvidia takes $5 bln stake in co
  • Small-cap Russell 2000 index up over 2%

Wall Street’s main indexes hit intraday record highs on Thursday, a day after the U.S. Federal Reserve delivered a quarter-point interest rate cut, while chipmaker Intel rose after Nvidia decided to build a stake in the company.
Intel (INTC.O), jumped 23.1%, set for its biggest daily gain since October 1987 after Nvidia (NVDA.O), said it would invest $5 billion in the struggling U.S. chipmaker. Peer Advanced Micro Devices (AMD.O), slipped 2.3%.

Today’s Bitcoin Trend Analysis
📊

Intraday Support: 114000-114500

📊

Intraday Resistance: 116600-117200

💸

Bitcoin market trading volume was sluggish over the weekend, with a significant decline in trading volume. Currently, Bitcoin is range-bound. Focus on the support level around 114500. If this support level stabilizes after a pullback, the current bullish trend is likely to continue. If the 4-hour candlestick chart successfully closes above 116600, the market could test or even break through the previous high.

⭐️

Day Trading Plan:

Short between 116600-117200 and go long at support.

Bitcoin Trend Analysis Today

The daily chart shows three consecutive days of gains, while the hourly chart shows steady growth within a channel. While it broke through 116,600 points on Friday, it failed to continue. The BTC trend is shifting, and buying on pullbacks is the primary strategy.

A short-term pullback below the channel’s centerline at 115,500 points presents a good opportunity to go long. Set a stop-loss below the lower channel line at 113,800 points, with a target price of 117,200-119,000 points!

🚀
Bitcoin Trend Analysis Today

Yesterday’s CPI data was released in line with market expectations. While Bitcoin experienced brief periods of sharp fluctuations after the release, the price quickly recovered and avoided a sustained decline. This suggests the market is in the initial stages of a new trend. If the interest rate cut is implemented as planned, global liquidity will gradually improve, potentially attracting new capital allocations to risky assets, including cryptocurrencies. Watch for opportunities to buy low if the one-hour upward trend drops back to the middle line.

Today’s Bitcoin Trend Analysis

Weekly: The trend remains healthy. Focus on fundamentals and the Fed’s rate cut progress. Keep an eye on the CPI data this day. If it falls below expectations, the probability of continued upward movement is high, signaling the start of a new weekly uptrend.

Daily: The 30-day moving average has been successfully broken, with increasing volume. Short-term technical trends suggest a consolidation within the previous range of 117-120K. The short-term moving averages (MA7 and 14) have turned upward, and the green bar on the MACD indicator is increasing. The fast and slow lines have formed a golden cross and are extending upward, signaling a clear rebound.

4-Hour Chart: Bollinger Bands are opening upward, forming a breakout. The overall upward trend is relatively healthy, with each retracement lowering higher. Considering the evening’s CPI data, we recommend buying on pullbacks.

Upside resistance: 116,000-117,000
Downside support: 112,500-111,500

Today’s Bitcoin Trend Analysis
📊

Intraday Support: 110,000-110,500

📊

Intraday Resistance: 114,000-114,500

💸

Bitcoin’s one-hour M-trend top has reached its upper limit. The price has twice touched the middle line of the ascending channel, only to fall back to the lower support line. It has now broken through and rebounded, creating effective resistance. Next, focus on the 110,000 support level. With a short-term bullish outlook, the market remains weak and volatile.

⭐️

Intraday Trading Plan:

Enter a short-term long position when the price reaches 110,000-111,000.

Bitcoin Trend Analysis Today

Bitcoin’s current market trend remains within a broad range. The daily chart shows a significant pullback after recent high-level fluctuations, with a large bearish candlestick formed yesterday, indicating a temporarily strong bearish outlook. Following several consecutive declines, the hourly chart is currently consolidating in a narrow range at a low level. While there is potential for a short-term rebound, the overall trend remains weak. The hourly MACD technical indicator shows both the DIF and DEA trending downwards, and the MACD histogram remains persistently negative, indicating a dominant bearish trend. The hourly RSI reading of 36.6 is nearing oversold territory, suggesting a potential short-term technical rebound, but a trend has not yet entered. The hourly EMA reading shows EMA7 < EMA30 < EMA120, indicating a typical bearish trend. The price is significantly suppressed by the EMA7, indicating a bearish trend.

Bitcoin Trend Analysis Today
📊

Intraday Support: 110,600-111,400

📊

Intraday Resistance: 112,700-113,300

💸

Bitcoin has been trading in a narrow range over the weekend, with bulls and bears locked in a stalemate. Short-term momentum is gradually weakening, and the overall direction remains unclear. A direction will be determined after the amplitude narrows. Focus will be on whether resistance near 112,400 can be successfully broken. A pullback to the lower range could be a good opportunity to enter a short-term long position.

⭐️

Intraday Trading Plan:

Enter a short-term long position if the price reaches 109,700-110,400.

Bitcoin Trend Analysis Today

Today’s Bitcoin Market Analysis
BTC’s current trend suggests a period of broad consolidation over the weekend, with significant volatility expected on Monday. The hourly chart has recently shown sideways trading at a high level after a series of upward moves, suggesting a possible directional shift in the short term. The hourly MACD technical indicator shows both the DIF and DEA above the zero axis, and the histogram remains positive, but momentum has weakened, prompting caution. The hourly RSI is between 60 and 65, not overbought, suggesting upside potential. However, a break above 70 warrants caution to avoid a pullback. The price is currently above the EMA 7, EMA 30, and EMA 120, with the short-term moving averages diverging upward, indicating a bullish trend.

Today’s Bitcoin Trend Analysis

Looking at Bitcoin’s performance, the daily chart shows recent price fluctuations at a high level, with a long upper shadow forming yesterday, indicating strong selling pressure from above. The hourly chart has seen a rebound after several consecutive bearish candlestick patterns, but the strength of the rebound is limited, and the overall trend is weak. The hourly MACD technical indicator is forming a death cross, with a shortened red bar and weakening momentum. The daily MACD remains below zero, indicating a dominant bearish trend. The hourly RSI is near 43, not entering oversold territory but trending weakly. The daily RSI is below 50, indicating cautious market sentiment. The 7-day EMA and 30-day EMA on the hourly chart have crossed downward, while the 120-day EMA remains stable, suggesting a bearish short-term trend. Market volatility is expected this week, with a focus on buying low and selling high.

Today’s Bitcoin Trend Analysis

From a technical perspective, BTC is currently in a weak correction. The daily chart shows a recent rapid price decline, forming a large bearish candlestick pattern, indicating a clear correction. The hourly chart shows a series of bearish candlestick patterns after high volatility, with continued declines in short-term lows, signaling a bearish market trend. The MACD hourly chart’s DIF and DEA indicators are both negative and diverging downward, with large green bars and heavy trading volume, signaling market weakness. A death cross has also formed on the daily chart, indicating strong bearish momentum. The daily RSI is gradually declining, suggesting further downside potential. The hourly EMA7, EMA30, and EMA120 are all showing bearish trends, with the price trading below all of them, indicating significant short-term pressure. The daily EMA7 has turned downward, suppressing prices and maintaining an overall bearish trend.

Bitcoin Trend Analysis Today

From a technical perspective, the daily BTC chart shows a recent sustained price increase, with multiple bullish candlestick patterns. Yesterday, the price broke through previous resistance near 112,000 and is currently demonstrating a strong upward trend. On the hourly chart, selling pressure is evident near 112,500. After a pullback from its high, prices have been consolidating, but the overall trend remains upward. The hourly MACD continues to show red bars and high volume, while both the DIF and DEA indicators are showing upward divergences, signaling a short-term bullish trend. The hourly RSI remains above 65, indicating a healthy trend. The daily EMA7 and EMA30 formed a golden cross and continue to expand upward, with the EMA120 well below the current price, indicating a long-term bullish trend.

Bitcoin Trend Analysis Today

The overall trend of BTC remains positive. Focus on fundamentals and the Fed’s rate cut progress. A short-term pullback requires momentum to build, and the weekly chart signals the start of a new uptrend.

1-Hour Chart: The trend continues its stair-step decline, and bearish sentiment remains intact. While indicators haven’t yet shown a clear divergence, the golden cross and high trading volume suggest the market is consolidating at a low level, insufficient to trigger a rebound. Meanwhile, a three-line bottoming pattern is forming. While it appears to be resistance, it could break through again at any time. We still recommend a high short position for the day.

Upside Resistance: 111,000-120,000
Downside Support: 108,500-107,500

Bitcoin Trend Analysis Today

Judging from the daily chart, BTC remains in a downward trend, with relatively weak momentum and no significant rebound. Caution is advised. A break above the red trendline would signal the end of the downtrend.

This pullback won’t remain at the bottom for long. Even if it hasn’t bottomed out yet, it’s not far off. The price could potentially reach $100,000 to $105,000. The price action will depend on this crucial week.

Indonesian group says it’s exploring establishing a national Bitcoin reserve

Bitcoin Indonesia said it recently presented Bitcoin to the Vice President’s Office and discussed Bitcoin mining as a national reserve strategy.

The Indonesian government has been exploring Bitcoin as a reserve asset, according to Bitcoin Indonesia, which recently met with officials to discuss how the strategy could boost the country’s economic growth.

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