In the past few days, Bitcoin has shown relative stability above the $106,000 level, after reaching historic highs close to $110,000. This price action indicates a market in a state of cautious anticipation, yet it also reflects the strength of the underlying bullish trend.
Analyses show that bullish momentum remains intact, especially with significant inflows from institutional investors such as BlackRock, which injected nearly $1 billion into Bitcoin related ETFs. Such capital flows are typically seen as strong confirmation of long-term institutional confidence in the market.
From a technical standpoint, the indicators remain positive: price action continues within an ascending channel, and a golden cross between moving averages has formed a historically bullish signal. The $107,000 level is now a key support zone; as long as BTC holds above it, the bullish outlook remains valid.
#TradingTypes101 #BinanceAlphaAlert #Bitcoin2025 #BinanceHODLerSOPH #BTC $BTC
