$BTC
Market Snapshot
• Current price: Around $107,279, after tapping intraday highs near $110K.  
• Recent fluctuation: BTC has swung between $107K–$110K, reflecting healthy but cautious trading.  
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📰 What’s Driving Bitcoin Right Now
1. Macro & Technical Tailwinds
• A decline in U.S. inflation—May CPI at ~2.4%—has reduced rate hike fears, energizing risk assets like BTC. 
• Chart setups show BTC breaking upward momentum (e.g., golden cross formation), with upside resistance around $112K and support near $107K plateau.  
2. Institutional & ETF Inflows
• Bitcoin ETFs have amassed $132 billion in AUM (up from $91 billion in April), boosting market participation.  
• Major firms—MicroStrategy (“Strategy”) and others—continue accumulating, showing active institutional demand. 
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🔭 Price Outlook & Analyst Predictions
• Near-term: Traders eye $112K resistance; key support sits between $106K–$107K. Breakout or breakdown may trigger stronger trends.  
• By end of 2025:
• Bitwise projects $200K–$230K fair value by year-end, citing macro conditions and rising debt as catalysts.  
• Other analysts forecast targets in the $150K–$200K range, with some even eyeing $1 million long-term. 
