🔍 Quick Technical Analysis$BTC
Nearby Support: Centered around $105,800, which forms a short-term upward trend line.
Upcoming Resistance: Ranges between $107,000 and $107,500. Breaking through these levels could push the price towards $108,800 and then $110,000, indicating the potential for a new historical high.
Momentum Indicators: Bullish momentum is supported by strong inflows into Bitcoin ETF funds, increasing institutional interest, along with large amounts of BTC being withdrawn from exchanges, reducing the available supply.