Bitcoin Holds Above $105K Amid Institutional Accumulation 🚀
📈 Current Price: $105,604
📉 24h Range: $104,982 – $106,809
📊 Market Cap: $2.1 Trillion
Bitcoin ($BTC ) is consolidating above the $105K mark, reflecting a 0.17% increase in the last 24 hours. This stability comes amid significant institutional interest and macroeconomic factors influencing the market.
🔍 Key Technical Levels:
Support: $103,500
Resistance: $107,500
Analysts suggest that a breakout above $107,500 could propel BTC towards new highs, while a drop below $103,500 might indicate a bearish trend.
💡 Market Sentiment:
The recent price action is influenced by institutional buying and growing market confidence. However, economic uncertainties, including U.S. trade policies, continue to impact the broader crypto market.
Stay informed and monitor these key levels as BTC navigates through this consolidation phase.
