[Coin Clip] "Support line completed"...Bitcoin enters 'countdown' to break all-time high

Bitcoin (BTC) is stably maintaining the $71,000 level, building a strong support line for breaking its historical all-time high.

According to the cryptocurrency specialized media CoinMarketCap on April 10 (local time), Bitcoin is trading at $71,682, up 0.5% from the previous day. Its market capitalization reached $1.4429191 trillion, reconfirming its overwhelming status as a global financial asset. In terms of supply, 20.01 million BTC are currently in circulation, with over 95% of the maximum supply of 21 million BTC already mined.

Market participants are paying attention to Bitcoin's process of converting the psychological resistance level of $72,000 into a support line. Trading volume has shown a stable trend over the past 24 hours, suggesting that strong buying pressure, rather than sharp volatility, is supporting the market. In particular, a stable settlement around $72,000 is widely analyzed to be a stepping stone for a future upward rally.

The price movement of Bitcoin, the leading cryptocurrency in the virtual asset market, significantly influences the direction of other altcoins. Major assets such as Ethereum (ETH) and XRP are also synchronizing with Bitcoin's strength, pushing up the overall market capitalization. "The current price stability is a result of institutional investors continuously injecting funds and diversifying their portfolios through spot ETFs," market experts diagnosed.

From a technical perspective, Bitcoin is maintaining a bullish structure, forming stable candles above key moving averages. Whether it breaks through $73,000 will be a crucial turning point for short-term all-time highs, while the $70,000 level acts as a strong defense line on the downside. Investors are closely monitoring real-time price fluctuations and trading volume changes, preparing for the next upward wave.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*

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