$BTC đBitcoin Holds Strong at $105K as Institutional Demand Surges! đ
The BTC/USDT pair is trading at $105,793.98 (+0.08% in 24H), consolidating near key resistance after a volatile week that saw prices swing between $103,136.12 and $109,298.29. Hereâs what traders need to know:
đĽÂ 3 Catalysts Driving Momentum:
1ď¸âŁÂ ETF Inflows: Spot Bitcoin ETFs absorbed $1B+ this week, with BlackRockâs IBIT leading at 300K BTC AUM.
2ď¸âŁÂ Whale Activity: A $9.3M BTC buy order hit Binance, signaling accumulation at current levels.
3ď¸âŁÂ Technical Strength: Golden cross (50DMA > 200DMA) confirms bullish trend
đ Key Levels:
- Support: $103,106 (7-day low) â critical hold for bulls
- Resistance: $106,865 (24H high) â breakout could target $110K.
đĄÂ Pro Tip: Watch for a volume-backed close above $106K to confirm next leg up.
â ď¸Â Volatility Alert: BTCâs RSI at 54 suggests balanced momentum â manage leverage carefully
Did You Know? Bitcoinâs market cap dominance holds at 57.5%, with altcoins poised for catch-up ralliesÂ
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