Bitcoin's current price is $104,432.70, with a 0.95% increase in the last 24 hours. The cryptocurrency is awaiting a catalyst to push its price above $109,000, with traders eyeing a re-test of its all-time high. Recent trade deals between the US and UK, as well as anticipated talks with China, have failed to trigger a rally.
*Recent Bitcoin News:*
- *Price Stabilization*: Bitcoin price stabilizes around $104,000 after a 10.44% weekly rally.
- *Institutional Buying*: Institutional buying is changing Bitcoin market dynamics, with large entities gobbling up newly mined Bitcoin supply.
- *BlackRock's Bitcoin ETF*: BlackRock's Bitcoin ETF has posted 19 consecutive days of inflows.
- *Brazilian Stock Exchange*: The Brazilian Stock Exchange will list Ethereum and Solana futures contracts from June 16, 2025 ¹ ² ³.
*Market Analysis:*
- *Resistance Level*: Bitcoin faces resistance around $105,000, with a potential pullback to $100,000 if it fails to break through.
- *Bullish Sentiment*: Technical indicators, such as RSI and MACD, support a bullish thesis for Bitcoin ² ⁴.