BITCOIN Token Report – 23rd June’23

Bitcoin, a digital currency introduced in January 2009, operates on a decentralized network and was initially outlined in a 2008 whitepaper by an individual or collective known as Satoshi Nakamoto. It functions as a peer-to-peer online currency, enabling direct transactions between autonomous participants without relying on intermediaries for authorization or facilitation.

Bitcoin is ranked #1 with a market capitalization of $583 billion. The current market price of the token is 30,022 USDT

The BTC price surged by nearly 15% during this week, edging above the $30,000 level after almost 2 months.  On the weekly time-frame, the BTC/USDT chart has broken above the descending trendline. The next resistance is expected at 38,100 USDT and an immediate support is expected at 26,700 USDT.

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