$BTC Bitcoin’s Wild Ride: What’s Next? 🚀
Bitcoin (BTC) has been making headlines lately, hovering around $105,000 after a volatile few weeks. The market saw a sharp 8% drop in late May, bringing BTC down to $103K, but analysts suggest a potential 10% rebound in June if historical trends hold.
🔹 Institutional Interest: Spot Bitcoin ETFs saw $5 billion in inflows last month, signaling strong demand from Wall Street.
🔹 Market Sentiment: The Fear & Greed Index stands at 57 (Greed), showing cautious optimism among investors.
🔹 Key Resistance Levels: BTC needs to hold above $106,800 to maintain bullish momentum, or risk a pullback to $103,200.
🔹 Macroeconomic Factors: The Trump-Musk feud has impacted prices, with BTC dipping below $103K amid broader market uncertainty.
🚀 Will Bitcoin break past $110K soon, or are we in for more turbulence? Drop your thoughts below!