One BTC represents one bitcoin, which is currently valued at $68,235.83. While global central banks often increase the supply of fiat currencies like the U.S. dollar, the supply of bitcoin is capped at 21 million BTC.

BTC dropped below $50,000 but rebounded above $54,000. Resistance was confirmed at $61,400, leading to a pullback. Overbought RSI hints at a limited upside before

Many signs are pointing to BTC hitting $70K in the near future, from technical market data to prediction market betting.Inflows into the U.S. BTC

Bitcoin’s all-time high was on March 14, 2024, trading at $73,750.07 per bitcoin. The lowest intraday price that the crypto traded in the past year was $27,130.47 on Oct. 16, 2023. The original crypto is up by 139% year over year.

A widely-tracked momentum indicator has flipped bullish for the first time since April. A similar bullish flip happened at the onset of the late 2023 rally and in late 2022, marking the end of a brutal downtrend.