$BTC Today, Bitcoin (BTC) is showing moderate strength with the price hovering around $107,850, after previously touching an intraday low around $105,426. Market sentiment is driven by a combination of technical and macroeconomic factors, including positive developments from #USChinaTradeTalks and increasing institutional adoption such as BTC purchases by MicroStrategy and IPO plans from major crypto companies like Circle. Technically, BTC is approaching the resistance zone at $108,300-$108,500, which if successfully breached could open the way towards $112,000 or more. However, the RSI indicator shows overbought conditions, indicating potential short-term corrections. Overall, the outlook remains bullish with a medium-term target towards $120,000–$125,000, although volatility remains high and investors are advised to be cautious of trend reversal signals. BTC remains a key alternative asset amid global uncertainties, and today's price movement reflects a combination of strong buying interest and market caution regarding potential corrections.
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