Bitcoin Holds Above $113,900 Amid Bullish Signals as Coinbase Surpasses Tesla in BTC Holdings
Main Idea
Bitcoin is holding above $113,900 with bullish momentum, supported by technical indicators and increased institutional confidence, as Coinbase surpasses Tesla in BTC holdings.
Key Points
1. Bitcoin is trading between $113,900 and $118,000, showing medium-term strength despite short-term volatility.
2. Technical indicators like RSI and MACD signal recovering bullish momentum, with RSI at 56.75 and MACD showing a positive crossover.
3. Market sentiment remains optimistic, with 82% of participants maintaining a bullish outlook despite a 2% decline over 24 hours.
4. Coinbase has become the 10th largest corporate Bitcoin holder with 11,776 BTC, surpassing Tesla, indicating strong institutional trust.
5. Daily trading volume surged 27.21% to $89.2 billion, highlighting heightened activity amid price fluctuations.
Description
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