#btc

Determining whether Bitcoin (BTC) is going bullish or bearish depends on various market factors. Let's break it down:

*Current Price:* Bitcoin's current price is around $105,372.02, with a 0.58% increase in the last day. This slight increase suggests a potential bullish trend.

*Bullish Indicators:*

- *Growing Institutional Demand:* Increased investment in Bitcoin ETFs and corporate adoption, like Metaplanet's recent purchase of 1,088 BTC, indicate growing institutional interest.

- *High Open Interest in Futures Markets:* Record-high open interest in Bitcoin futures markets suggests strong expectations of continued upward momentum.

- *Macroeconomic Tailwinds:* Increasing M2 money supply and easing US-China trade tensions may bolster bets on new record highs ¹ ².

*Bearish Indicators:*

- *Volatility Risks:* Elevated volatility and potential profit-taking by large players could lead to short-term corrections.

- *Resistance Levels:* Bitcoin faces resistance at $106,000-$109,000, and failure to break through could result in a pullback.

*Entry Price:*

- *Bullish Entry:* Consider entering a long position above $105,000, with potential targets at $109,000-$116,000 or even $130,000-$138,000 in the near term.

- *Bearish Entry:* If you expect a correction, consider entering a short position below $97,000-$98,500, with potential targets at $92,400-$95,000 or $90,000-$91,000