BTC is trading around USDโฏ107,600, down approximately 1.8% intraday. The range today is between 107,491 and 110,277 .
It recently hit a high near $110Kโ$110.4K, testing resistance just shy of its record high (~$112K) .
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๐ฐ ๐๐๐ฎ ๐๐๐ง๐ ๐๐ฉ ๐ฟ๐ง๐๐ซ๐๐ง๐จ
1. ๐ฐ๐๐๐๐๐๐๐๐ ๐ ๐๐๐ ๐๐๐๐๐๐๐๐
A slightly cooler US CPI reading initially boosted BTC, but sparked a quick market pullback as profit-taking set in .
2. ๐ป๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐
BTC is consolidating in the $107Kโ$110K band. Analysts are eyeing a breakout, with $112K as near-term resistance and supports around $107K and $100K .
On-chain data suggests Bitcoin crossed its 50โday SMA, poised for bullish momentum, though the narrowing spread hints at a potential correction .
3. ๐ช๐ด๐ฌ ๐๐๐ & ๐๐๐๐๐๐-๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐
Analysts note that an unfilled CME futures gap could attract BTC to fill it, historically showing an 80% fill rate post-peak .
Early-month volatility pattern: BTC hit a monthly low on Juneโฏ5 and high on Juneโฏ9 โ bullish repetitions of this pattern often lead to further upside .
4. ๐ฉ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐
Experts maintain optimistic targets: $100Kโ$120K range this month, with some even speculating $200K by yearโs end or long-term projections of $1M .
5. ๐ฐ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐
Rising inflows into Bitcoin ETFs (now over $132B in AUM), continued corporate treasury buys (like MicroStrategy/โStrategyโ), and US macro backdrop supportive of risk assets are reinforcing sentiment .
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๐ ๐ผ๐ฃ๐๐ก๐ฎ๐จ๐ฉ ๐๐๐ ๐
๐บ๐๐๐๐-๐๐๐๐: Slight pressure near resistance (~$110โ112K), but strong support at $107K and $100K. Watch for breakout above $112K (targets next near $125K+).
๐ด๐๐ -๐๐๐๐: Momentum from ETF, institutional flows, and inflation dynamics offers potential. Still, narrow Bollinger spread and cooldown of SMA signals caution โ a pullback could occur before another leg up.
๐ณ๐๐๐-๐๐๐๐: Even conservative models forecast goals >$120K by late June, with bullish sentiment aiming for $200Kโ$1M in the year(s) ahead.
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๐ ๐๐๐ฎ ๐๐๐ซ๐๐ก๐จ ๐ฉ๐ค ๐๐ค๐ฃ๐๐ฉ๐ค๐ง
Zone Significance
$110Kโ112K Resistance; short-term breakout target
$107K Support; recent bounce zone
$100K Major psychological/technical support
$125K+ Next resistance if breakout holds
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โ ๐๐๐๐ฉ ๐ฉ๐ค ๐ฟ๐ค ๐๐จ ๐ ๐๐ง๐๐๐๐ง/๐๐ฃ๐ซ๐๐จ๐ฉ๐ค๐ง
๐ป๐๐๐ ๐๐๐: Consider long positions on dips toward $107Kโ$110K, with tight stops below $107K. Watch for a decisive move above $112K to enter breakouts.
๐ฐ๐๐๐๐๐๐๐๐: DCA may be attractive given favorable macro trends. Be prepared for episodic volatility.
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๐ ๐๐๐๐ฉ ๐ฉ๐ค ๐๐๐ฉ๐๐ ๐๐๐ญ๐ฉ
US inflation reports and Fed commentary.
Price reaction at $112K resistance.
ETF flow reports and CME gap fill activity.
