The Bitcoin ($BTC) currency has experienced significant volatility over the past few days, recording around $107,500 today with a slight decrease of 1.17% compared to the previous close, after reaching a high of ~109,114 dollars and a low of ~106,742 dollars.

According to reports today, Bitcoin fell by 1.6% to undergo a slight correction after breaking its peak near $112,000 in May, but analysts confirm that the market has become more stable and less volatile compared to the past. Experts like Roshan Robert from OKX predict continued growth in the upcoming period driven by increased institutional adoption and supportive regulation. Bitcoin also targets resistance near $112,000 and represents strong support levels near $107,000 and $106,000.

Recent figures from May indicate a significant rise in investments in cryptocurrency funds, as their assets reached a record level of $167 billion, driven by institutional liquidity and the growing role of exchange-traded funds (ETFs).

In terms of technical analysis, the price is centered at the Fibonacci resistance level of 0.618 (around $107,600), and the strong barrier at $110–111 thousand is being monitored, which, if breached, could push the price towards new levels above $116 thousand according to some optimistic views.