Bitcoin Technical Analysis:

1. Support and Resistance Levels:

The current support level is around $80,400, while the resistance level is at $98,500.

2. Relative Strength Index (RSI):

If the RSI is above 70, it indicates that the asset is overbought, whereas an RSI below 30 suggests the asset is oversold.

3. Moving Average Convergence Divergence (MACD):

MACD is a trend-following indicator that measures the difference between two moving averages. A positive MACD signals a bullish trend, while a negative MACD indicates a bearish trend.

4. Trading Volume:

Volume reflects market interest and momentum. High trading volume strengthens the trend, while low volume indicates weakness in the trend.

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Latest Fundamental Updates:

• President Trump has signed an executive order to create a strategic Bitcoin reserve.

• MicroStrategy has expanded its Bitcoin holdings to 423,650 bitcoins, worth $42.43 billion.

• El Salvador has officially recognized Bitcoin as a legal currency and plans to build a Bitcoin City powered by geothermal energy.