$BTC

The current Bitcoin price is $105,432.0, up 1.25347% from yesterday.

Analyzing the bullish or bearish trend of Bitcoin requires considering many factors, including on-chain data, market indicators, and macroeconomic events.

Factors that may affect the price of Bitcoin:

• Market demand: Bitcoin demand is showing signs of recovery, indicating that investor interest is increasing again.

• NUPL Index: The NUPL (Net Unrealized Profit/Loss) Index is currently at 0.62, indicating that Bitcoin still has room to grow before reaching excessive excitement.

• Halving: The halving event, when the mining reward is reduced by half, can affect the supply and price of Bitcoin. History shows that after halvings, Bitcoin prices tend to increase.

• Interest Rates and Money Supply: Interest rate policy and money supply can also impact Bitcoin price.

• Market Dynamics: Bitcoin is struggling to hold key support levels, suggesting that the downtrend could continue without a strong enough push.