$BTC 📊 Market Snapshot
Price: $108,412
Intraday range: $105,344 – $108,484
Change: +2.20%
Bitcoin continues its strong momentum, supported by macro tailwinds and institutional inflows.
🔍 Technical Analysis
BTC recently reclaimed its 20/50/100-day EMAs, holding the key $106k–$108k support band, which now acts as a springboard for further upside .
Momentum indicators: RSI sits in the mid‑50s, showing bullish bias without overbought extremes; MACD recently confirmed a bullish crossover — both supportive of near-term gains .
🌐 Macro & Institutional Drivers
Spot Bitcoin ETF: Monthly inflows now exceed $45 billion, fueling institutional demand .
Geopolitical easing (e.g., potential de-escalation in the Middle East) has lifted overall risk appetite, boosting BTC alongside equity indices .
Policy tailwinds: U.S. crypto-friendly legislation (e.g., Genius Act) and proactive steps like establishing a Strategic Bitcoin Reserve under a new executive order are reinforcing the narrative of legitimacy and long-term adoption .
🚧 Key Levels to Watch Today
Level Significance
$110k–114k Clearing this resistance unlocks upside targets of $125k, then $143k .
$106k–108k Crucial support shows recent demand — a breakdown could send BTC toward $100k .
$100k A deeper support level — breach here risks a tilt to the $92k–$95k area .
📈 Outlook & Catalysts
Bull case: BTC reclaims $110k, technical momentum and ETF flows continue → rally to $125k–$143k possible in coming weeks .
Bear case: Failure to break resistance or negative headlines → fallback towards $100k, potential test of $92k if broader markets turn risk-off .
🏁 Summary for Binance Square
A clean breakout above $110k could ignite the next leg, targeting $125k–$143k. On the flip side, watch for failure to hold $108k—this may set up a deeper pullback. Focus on ETF flow data and macro sentiment for signs of the next move.
FOLLOW
#MrAlphaChartist FOR CURRENT MARKET ANALYSIS
#BTCPrediction #REX-OSPREYSolanaETF #mrAlphaChartist