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Bitcoin Price Update: $102,378
Technical Analysis:
Support & Resistance: Current support at $101,300; resistance at $106,500–$107,000.
RSI: Overbought at 80%.
MACD: Positive, indicating bullish momentum.
Volume: Declining, suggesting consolidation.
Fundamental News:
Senator Cynthia Lummis, a Bitcoin advocate, now leads the Senate's Digital Assets Subcommittee, fueling optimism.
BlackRock CEO Larry Fink pushes for SEC approval of tokenized bonds and stocks to democratize investing.
Bitcoin hit an all-time high of $109,000, driven by endorsements from Trump and Elon Musk, alongside Trump’s crypto launch announcement.
James Howells’ lost hard drive containing 8,000 Bitcoins, now worth €742M, remains unrecovered.
Volatility marked Trump’s inauguration, with Bitcoin peaking at $109,300 before retreating to $102,800.