BITCOIN BTCUSDTBTCUSDT SPOTBYBIT:BTCUSDTShavyfxhubBITCOIN ,the supply roof is around 101.7k-102k-103k.on daily time frame we had a strong daily break of demand floor and on technical ,we are calling for retest and the expected retest zone is likely to be around 101k-103k and bearish confirmation on 15min will be needed for sell order. the direction of BITCOIN price action has changed from our trading pattern. the next support could be around 74k-70k zone based on the structure . BITCOIN FUNDAMENTAL. Bitcoin is the world's first decentralized cryptocurrency, launched in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. It allows peer-to-peer transactions without relying on banks or central authorities. Bitcoin transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers (miners) that validate and secure transactions through cryptographic proofs. What is Bitcoin? Bitcoin is a digital currency that enables secure and transparent transfers over the internet. Not owned or controlled by any single entity—it operates on a decentralized network. Uses blockchain technology to maintain a permanent, public transaction record. Supply is capped at 21 million coins, making it a scarce, deflationary asset. Network Security and Hash Rate: The computing power devoted to mining, indicating network strength and resilience. Transaction Volume and Adoption: Growth in users, wallets, and real-world usage reflect demand. Supply Schedule: Bitcoin’s issuance halves roughly every four years, reducing new supply and potentially driving scarcity. Institutional Interest: Investment flows from funds, corporations, and ETFs show confidence and liquidity. Regulatory Environment: Legal clarity or restrictions impact market sentiment. Macro Factors: Inflation trends, fiat currency strength, and geopolitical uncertainties influence Bitcoin as a store of value or risk asset. Summary Bitcoin is a decentralized digital currency secured by cryptography and maintained on a blockchain network. Its fundamentals include the network’s security, supply scarcity, adoption rates, institutional interest, and macroeconomic influences, all of which shape its price and long-term value proposition. GOODLUCK.