#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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On Friday, BTC's intraday trend is clearly a continuous fall. The US stock market opened low, and it has currently dipped to around 83910. A few days ago, there was a great opportunity to buy the dip, but it suddenly stopped. Those who wanted to buy the dip on altcoins must be hanging in the middle now. As it stands, there are no plans for long positions; neither the daily nor the short-term charts show signs of stopping the fall. Looking at the short-term hourly chart, there is a top divergence in the range, with prices at the bottom of the range, indicating a preliminary chance of rebound. However, the overall downtrend in the 4-hour range has not yet stopped falling.
In terms of daily trend, the price has already fallen below the middle line of the daily chart and is returning to the lower line, indicating a weak phase at the daily level. If the price continues to decline and breaks below, the worst-case scenario would be the two key support levels below, around 81800 on the weekly chart, which can be considered an effective support, and the other being around 79500 at the bottom of the daily range. If the price breaks below, it is likely to continue to fill the previous gap near 76500.
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