Currently, the price of Bitcoin (BTC) is trading around 96.666 USD, up 824 USD (0.86%) compared to the previous close. Throughout the day, the price has reached a high of 98.096 USD and a low of 93.955 USD.

According to data from Crypto, the trading volume in the past 24 hours reached 48.81 billion USD, with a total circulating supply of 19.82 million BTC.

The recent price increase may be related to the telephone conversation between US President Donald Trump and Russian President Vladimir Putin on a peaceful agreement in Ukraine, creating optimism in the market.

In terms of technical analysis, Bitcoin is in an accumulation phase with an Inside Bar pattern on the D1 timeframe, indicating the possibility of strong volatility in the near future. On the H4 timeframe, a (Falling Wedge) pattern is forming, which is a positive signal for an upward trend if a breakout occurs in the upward direction.

However, the cryptocurrency market is always volatile. Investors should closely monitor economic and political developments globally and apply appropriate risk management measures when participating in trading.

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