On July 5, the price of Bitcoin was in a narrow range despite a recent recovery. Market analysis indicates asset dynamics and growing interest in Bitcoin treasuries.
Current State of the Bitcoin Market
Currently, Bitcoin ([BTC](https://crypto.news/price/bitcoin/)) is trading at $108,000, lower than this week's high of $110,000 and 10% above the lowest point this month.
Increasing Interest in Bitcoin Treasuries
The number of Bitcoin treasuries established by corporations continues to rise. Currently, 51 companies have added Bitcoin to their treasuries, indicating a clear uptrend. These companies now hold a total of 848,902 coins.
Technical Analysis and Forecasts
Technical analysis suggests that Bitcoin may be gearing up for a rebound. It has remained above the 200-day Weighted Moving Average and has formed two unique patterns that often lead to further gains. There are forecasts that Bitcoin may reach $144,000 in the coming months, should a breakout occur.
The Bitcoin market shows signs of stabilization, with increasing treasuries and technical signals suggesting potential future price growth.
