$BTC Bitcoin Price Analysis and Future Outlook

Bitcoin's price, after surpassing $100,000, appears to have stalled, with potential corrections anticipated in the near term. Short-term signals suggest it might dip between $95,000 and $99,000, yet the medium-term trend remains promising.

The correlation between Bitcoin and the Dollar Index (DXY) is pivotal; a decline in the DXY could facilitate a rebound for Bitcoin post-correction. Recent inflows into Bitcoin spot ETFs indicate cautious optimism among traditional exchanges, despite lingering risk aversion in broader financial markets.

The macroeconomic landscape continues to influence Bitcoin's trajectory. A full return of risk appetite hinges on favorable economic news, which could catalyze further increases in Bitcoin's value if the dollar weakens.