$BTC is trading just below your $108K target—close enough that a confirmed hold above that mark could well trigger fresh momentum. Keep an eye on broader macro headlines and ETF moves, but technically the picture is looking pretty bullish.
Bitcoin is currently trading around $107,900, not quite at $108K—but very close, up about 2.07% today.
Recent activity:
A whale opened a 20× leveraged long at approximately $106,538, nudging BTC toward $108K .
Technical indicators have BTC hovering between $107K–$108K, with analysts watching that $108K level as a key resistance benchmark for the next breakout .
Institutional support remains strong: spot‑ETF inflows totaled around $1.37 billion last week, and major firms continue adding to treasury holdings .
Outlook
Breaking and holding above $108K on weekly closes would likely confirm a bullish breakout and open the path toward recent highs near $112K .
Some caution remains—geopolitical tensions (e.g. Middle East developments) could inject volatility .