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BTC at $116.9K — Today’s Trend & Outlook
Bitcoin is trading around $116,900 in the U.S. and roughly ₨33,091,000 in Pakistan. The market remains relatively stable, though BTC is still behaving like a risk asset especially as gold continues to attract safe-haven demand.
Short-term view:
BTC has shown steady performance today, but some technical indicators are hinting at short-term negative momentum, while gold remains positive.
If Bitcoin can hold above the $116K–117K range, we could see an upside breakout.
Failure to sustain this level may lead to a pullback or sideways consolidation.
Investor takeaway:
For short-term trades, keep a tight stop-loss.
For long-term positioning, watch institutional adoption and regulatory developments as key drivers.
#WeeklyHighlightPosts# $BTC