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BTC Accumulated Over 104K

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💎 BTC PLAN UPDATE (June 16)

NOTABLE BITCOIN (BTC) NEWS:

At least four publicly listed U.S. companies announced plans on Tuesday to significantly increase their cryptocurrency exposure, committing a combined $844 million in new investments. The move reflects a growing corporate appetite for Bitcoin and other digital assets as alternative stores of value and growth opportunities.

The most substantial commitment came from Hong Kong-based ready-meal provider DDC Enterprise Ltd, which disclosed three separate purchase agreements totaling $528 million. The entire sum is earmarked for expanding the company’s Bitcoin reserves.

Technical analysis angle

DAY DAY: Bitcoin is united when uncertainty takes root

Bitcoin price moves widely at about $ 106,300 at the time of writing the article after failing to reach the $ 107,000 resistance threshold on Monday. Its technical structure, as observed from the daily chart below, shows the trend of price increases.

The dynamic convergence indicator (MACD) has maintained the signal to be confirmed on Thursday when the blue MACD line cut under the red signal line. This signal often encourages traders to consider reducing exposure to Bitcoin, thereby creating a dynamic motivation.

The relative power index (RSI) highlights the discount trend when it is sloping, approaching the middle line 50. The movement is below this important neutral level that can catalyze the downtrend, bringing the average exponent dynamic line of 50 days (EMA) at $ 103,064, the 100 -day EMA road at $ 98,783 and the 200 -day EMA road at $ 93,083 to become expected targets.

==> Comments for trend reference. Wishing investors successfully trading

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