$BTC

Bitcoin remains strong above $103,000 USD, consolidating its position after a month of strong momentum that pushed it above $100,000 USD for the first time since February. This surge has been driven by factors such as reduced trade tensions between the U.S. and China, softer inflation data in the U.S., and renewed institutional interest.

Currently, BTC faces a key resistance around $104,364 USD. A sustained breakout above this level could pave the way towards $110,000 USD. In the event of a correction, the psychological support at $100,000 USD is crucial to maintain the upward trend.

In the institutional realm, there has been significant accumulation by large investors, with an increase of 83,000 BTC in wallets holding between 10 and 10,000 BTC in the last month, indicating growing confidence in the asset.

In the long term, projections for 2025 are optimistic, with estimates placing the price of BTC between $120,000 and $200,000 USD, supported by institutional adoption and supply scarcity.

💬 Do you think BTC will reach $110,000 USD this month? Or do you foresee consolidation before a new push? Share your analysis!