🚀 Bitcoin near USD 109,000: Is it heading for the next record?

At noon today, Bitcoin is trading at USD 108,674, with an intraday peak of 108,683 and a low of 105,426, reflecting an increase of +2.2% since yesterday's close.

🔍 Technicals on point

• Bitcoin has regained the daily EMA-20 after testing the EMA-50, breaking the bearish trend of the month.

• The next technical target is at USD 109,400: a weekly close above would confirm a strength signal. Likewise, 106,500 is a key psychological and technical resistance.

🌐 Environmental factors

• The rally coincides with increases in the S&P 500 (+1.3%) and optimism following Circle's IPO, which is boosting confidence across the crypto sector.

• Additionally, there is anticipation for inflation and PCE inflation data in the U.S. this week, which could affect the global risk trend.

🛠 Institutional catalysts

• Demand for Bitcoin spot ETFs remains strong: active but fluctuating flows, with recent outflows of USD 47 million from BlackRock.

• Moreover, the ARK-21Shares ETF will do a 3-for-1 split on June 16, a move to make it more accessible.

• Countries like the U.S. are advancing with strategic BTC reserves (200,000 BTC) since March.

📈 What to watch?

• Critical support: USD 105,000–106,500 — holding this zone maintains the bullish structure.

• Immediate resistance: USD 109,400 → then USD 111,970 (historic high from May).

• Key events: inflation data this week + ETF split on June 16.

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🧭 Quick conclusion

Bitcoin is consolidating a strong technical rise, with clear macro and institutional support. If it surpasses USD 109,400 with volume, it could challenge its historical peak of USD 111,970.

But if it breaks below USD 106,500, we could see a correction towards USD 105,000.$BTC