$BTC
is trading around $106,000, having rebounded after a weekend dip near ~$99,000.
Major support appears around the $99K–$100K zone, which held during the pull-back.
Resistance remains higher, in the ~$110K+ zone, which is the next hurdle for the bulls.
✅ What’s Driving the Move
Institutional & whale accumulation: Large players continue to buy during dips, suggesting some underlying structural strength in the market.
Macro / liquidity backdrop: Market sentiment is influenced by broader financial conditions — e.g., potential U.S. fiscal stimulus, central bank moves, and liquidity flows.
Technical retest & bounce: The recent dip to ~$99K acted as a key test of support, and the bounce to ~$106K can be seen as a positive near-term sign.
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