#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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🔍 ANALYSIS #BTC /USDT
On the 6H chart of BTC/USDT, a large symmetrical triangle pattern is forming with consecutive touches of the lower and upper bounds. This indicates consolidation, awaiting a breakout. The price is trading around $102,700 after another bounce from support.
📉 Key support zone: $98 261
📈 Resistances: $103,488 — $106,187 — $110,715 — $111,826
💡 The chart highlights a potential double touch of support with a coefficient of 1.21 — a sign of a potential "double bottom" pattern. Upon confirmation, the upward movement could reach a target of $111,826, suggesting a growth of approximately 9.1%.
☁️ The Ichimoku Cloud indicates uncertainty, but the price is near the edge of the cloud, and a breakout above it could trigger a rise.
📊 Indicators:
Bollinger Bands are narrowing, indicating the approach of a strong movement.
SAR indicates an upward momentum.
📌 Conclusion: Bitcoin is consolidating in anticipation of a decisive move. A breakout above $106,187 will open the way to $111,826. At the same time, a break below $98,261 could send the price to revisit lower levels. Let's monitor the reaction in the support zone and the volumes!