đ Bitcoinâs Current Position (June 12, 2025)
đ Price Action & Technicals
Trading range: BTC is hovering around $107,000, recently dipping from highs above $110Kâ$111K .
Resistance levels: Strong supply observed at $109.5Kâ$112K; a sustained breakout could pave the way to $112Kâ$120K .
Support zones: Key support lies between $106Kâ$107K, with a deeper support band around $104Kâ$105K .
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đ Market Drivers
Macro backdrop: Easing inflation and expectations of Federal Reserve rate cuts have boosted BTC sentiment, aided by a weaker U.S. dollar .
Institutional activity: Spot Bitcoin ETF inflows, companies like MicroStrategy and others accumulating BTC reinforce demand .
Onâchain trends: Exchange reserves are shrinking, OTC volumes are increasing, and whales are accumulatingâsignaling scarcity and longâterm positioning .
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đŽ Outlook
**Short-Term (weeks):**
BTC appears poised to reclaim the $110Kâ$112K range if bulls maintain control above current support.
A failure to hold $106Kâ$107K could trigger a pullback to $104K .
**Medium-Term (through year-end):**
Analysts remain optimistic: targets range from $150K to $200K, with some projecting extreme scenarios up to $1M in the long run .
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Summary
Bitcoin is consolidating in a bullish setupâbacked by macro tailwinds, institutional demand, and on-chain scarcity. The key to the near-term trajectory lies in holding above $106Kâ$107K and overcoming $110Kâ$112K resistance. A breakout could fuel a move toward $120K+, while a breakdown below support may lead to a pullback to the mid-$100Ks.
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