latest update on Bitcoin Token (BTC):

- *Current Price*: $123,649.99 - $124,563 USD, with a 24-hour trading volume of $67.98 billion - $93.74 billion
- *Market Capitalization*: $2.46451 trillion - $2.48 trillion
- *Circulating Supply*: 19.93 million BTC out of a maximum supply of 21 million
- *24-hour Change*: -0.7% to +0.18%
- *7-day Change*: +8.91% to +10.29%
- *All-Time High*: $126,200

Some notable statistics and predictions:
- *Yearly Supply Inflation Rate*: 0.85%
- *Next Halving*: Expected to reduce block rewards further, potentially impacting price
- *Price Predictions*: Varying forecasts, with some analysts predicting $150,000 or even $165,000 in the coming months
- *Adoption*: Growing interest from institutional investors, with potential inclusion on central bank balance sheets by 2030

*Key Metrics:*

- *Market Cap Rank*: #1
- *Dominance*: 57.94%
- *Volatility*: Bitcoin's price has been increasing, with some fluctuations
- *Support and Resistance Levels*:
- *Support Levels*: $123,362 (S1), $121,965 (S2), $120,581 (S3)
- *Resistance Levels*: $126,143 (R1), $127,527 (R2), $128,924 (R3)¹ ² ³

*Recent News:*

- *Institutional Investment*: Growing interest from major financial institutions
- *Regulatory Developments*: Favorable regulatory environments contributing to price growth
- *Energy Consumption*: Discussions around Bitcoin's energy usage and potential solutions⁴ ⁵

#Btchitsnewhigh

#Octobermarketprediction

#Gatenewcoinsrecommendation