India Surges Past China in Global Bitcoin Ownership with Record 68 Million Holders

India has surged to the top spot in global Bitcoin ownership, with an estimated 68 million holders according to data shared by Willy Woo. This marks the highest national total on record.

The price of BTC is currently trading at $87,245.48 within a bullish trend, with its 50-day exponential moving average (EMA) at $77,662.58 and its 200-day EMA at $72,174.71 acting as support layers. The Moving Average Convergence Divergence (MACD) has registered a golden cross at 67.43, indicating a potential bullish signal.

However, the Relative Strength Index (RSI) is signaling overbought conditions near the upper Bollinger Band resistance of $79,725.69. This suggests that a measured pullback toward the 50-EMA may be likely before continuation.