Bitcoin / TetherUS
Long
Updated

DeGRAM | BTCUSD Flipped the Trend Line

315
๐Ÿ“Š Technical Analysis
โ— BTC keeps the $91 500 level.
โ— While it holds, the chart still points to $98 000 then $108 000.โ€‹

๐Ÿ’ก Fundamental Analysis
โ— US spot-ETFs took in $591 M on 28 Apr, extending a six-day inflow streak that topped $3 B for the week.โ€‹
โ— MicroStrategy added 15 355 BTC at ~$92 737, lifting corporate demand.โ€‹
โ— Network hashrate set a 1 ZH/s ATH, underscoring security.โ€‹
โ— Exchange balances sit at a seven-year low as coins move to cold storage.
โ— DXY is at 3-year lows and yields are down.

โœจ Summary
Persistent ETF inflows, corporate accumulation, record hashrate, shrinking float and a weaker USD reinforce the bullish setup; staying above $91 500 supports a run to $98โ€“100 k.

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snapshot
๐Ÿ“Š Technical Analysis
โ— Ascending channel (higher highs/lows)โ€‹; weekly MACD/RSI stay positiveโ€‹. Consolidation forms a base for the next leg up.

๐Ÿ’ก Fundamental Analysis
โ— Macro: EUโ€™s MiCA (Dec 2024) & HK/SG crypto frameworksโ€‹. Legacy finance now allocates to Bitcoinโ€‹.
โ— Adoption: Corporate BTC treasuries +31% in 2024 (~998K BTC)โ€‹, reflecting strong institutional demand.

โœจ Summary
Support ~$93K; Resistance ~98K, ~$105โ€“108K; Next ~$120K+ if trend holds.

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