batcat priceBTC

📊👀 $BTC Starting at the $100K level, bearish trading volume dominates the market. The price is trapped in the $95K-$91K range, with the key support level at $90K. 2025 Feb $120k

Bitcoin( $BTC ) has evolved from a niche digital currency to a global financial phenomenon. Its decentralized nature, fixed supply, and borderless operation make it a potential cornerstone of the future global economy. One of Bitcoin's most significant contributions lies in its ability to facilitate trustless, peer-to-peer transactions. Unlike traditional financial systems that rely on centralized institutions, Bitcoin operates on a transparent blockchain, ensuring security and reducing the need for intermediaries. This innovation is particularly valuable for international trade, where currency exchange fees and delays often hinder transactions. Bitcoin also offers a solution to inflation-prone fiat currencies. With a capped supply of 21 million coins, Bitcoin's scarcity makes it akin to "digital gold." In a global economy where fiat currencies are often devalued due to overprinting, Bitcoin presents an alternative store of value, especially in regions with unstable currencies. Furthermore, Bitcoin could play a crucial role in financial inclusion. In developing economies, millions remain unbanked due to the lack of access to traditional banking services. Bitcoin, with its accessibility via the internet, enables these populations to participate in the global economy. However, challenges remain. Bitcoin's volatility and regulatory scrutiny are hurdles that need addressing before it can be widely adopted. As governments and institutions grapple with the rise of cryptocurrencies, the global financial landscape will likely see an evolution, with Bitcoin playing an integral role as a decentralized, digital asset in the future economy. Bitcoin's journey is far from over, but its potential to reshape the global economy is undeniable. With continued innovation and adoption, Bitcoin could become a pivotal force in creating a more inclusive and efficient financial system.

Goodbye, 2024. You were a good one. We'll always remember you as the year when BTC crossed $100K, and institutions finally started investing in crypto. Thank you for the success stories you told us—like $HYPE—and for the new narratives to ride early—like AI Agents. 2024 was a good year. And now, hello, 2025. Let's have a great ride.

In the current market conditions, Bitcoin’s $BTC performance against the USD reflects a mix of reduced trading activity and evolving sentiment as we navigate the post-holiday period. As of now, the broader market remains heavily correlated, suggesting a unified response to external influences. Although the overall trading volume has shown a 60% increase, it remains significantly lower than the levels seen in prior weeks. This suggests that while there is renewed interest, the market is still lacking the robust participation required for a substantial bullish move. Bitcoin Price Prediction: Bitcoin (BTC) May Face the Downside BTC/USD is seen hovering at $92,853, with the current consolidation pattern, the king coin remains below the 9-day and 21-day moving averages. Though Bitcoin (BTC) begins the day off intending to trend higher but couldn’t. Meanwhile, any bullish cross above the 9-day and 21-day moving averages could hit the nearest resistance level of $93,000. Beneath this, other supports could be found at $80,000, $75,000, and $70,000. Moreover, the Bitcoin price is likely to slide below the lower boundary of the channel as the technical indicator 9-day moving average (MA) remains below the 21-day moving average (MA). On the next positive move, BTC could break to the upside as the candle is yet to close. Therefore, if the bulls push the king coin to the north, the potential resistance levels could be found at $105,000, $110,000, and $115,000. BTC/USD Medium-term Trend: Bearish (4H Chart) The 4-hour chart for Bitcoin (BTC) against the US Dollar shows the price moving within a descending channel, reflecting a short-term bearish trend. The resistance level is marked at $98,000 and above, while support is established at $88,000. Currently, BTC is trading at $92,857, slightly below the midpoint of the channel. The 9-day and 21-day Moving Averages (MAs) indicate ongoing bearish momentum, as the 9-day MA is below the 21-day MA. This alignment reinforces the current downward trend, but the recent consolidation near $92,800 suggests that the price may be stabilizing in preparation for a potential breakout. Nevertheless, if the price manages to hold above the $92,000 level, a bullish breakout could occur, pushing the price toward the $94,000 – $96,000 zone, with the channel’s upper resistance at $98,000 as the next major target. On the downside, if selling pressure intensifies and the price breaks below $92,000, BTC could test the lower boundary of the channel near $88,000 and below. Volume fluctuations and interactions with the moving averages will be key indicators to watch, as they may confirm the likelihood of a reversal or continuation within the descending channel.

Tether burned 1B USDT, what does it mean for Bitcoin ( $BTC ) and the crypto market? Updated: December 31 2024 11:31 AM UTC   In this post: USDT burns may be caused by a shift from TRON-based USDT to its Ethereum version. Tether sent out a transaction burning 2B TRC-20 tokens on TRON, as big exchanges redeemed some of their tokens. Tether is also monitoring EU-based usage, as USDT is considered non-compliant as of December 30. Tether burned 1B of USDT supply on the last day of 2024, at the end of a year when record USDT liquidity was injected into the market. The token burn raised questions about the direction of the crypto market.  Tether, Inc. burned 1B Tether (USDT), with no explanations on technicalities. The burn decreased the USDT supply from 138B to 137B, arriving after a series of smaller liquidity withdrawals.  Tether (USDT) supply climbed for most of 2024 but switched direction in the last weeks after it peaked at 140B. | Source: Coingecko The removal of $1B liquidity followed 10 days of gradually decreasing the supply, causing one of the first supply contractions since 2022. The recent removal of USDT was the biggest single burn for the past week, increasing the rate of reversal of USDT growth for the past year. The leading stablecoin expanded its supply constantly for the past 12 months.