$BTC The current situation for Bitcoin is mixed but leans bearish in the short term due to recent price drops triggered by geopolitical tensions and technical breakdowns below key support levels like $106,500 and $110,000. The break below these supports, combined with patterns like a descending channel and Ichimoku rising wedge breakdown, signals bearish momentum and potential further declines toward $100,000 or even $96,000.
However, the broader medium to long-term outlook remains bullish. Analysts highlight strong institutional accumulation, a golden cross in moving averages, and technical patterns suggesting Bitcoin could retest and surpass previous highs near $112,000 and potentially reach $150,000 to $230,000 by the end of 2025. The current pullback is viewed by many as a technical correction or profit-taking opportunity rather than a trend reversal.
In summary, Bitcoin is experiencing short-term bearish pressure amid volatility, but the overall trend and fundamentals support a bullish outlook over the medium to long term. Today, Bitcoin (BTC) is trading around $105,300, down about 0.4% from its previous close, with a day low near $103,000 and a high just over $106,000. The recent price dip is linked to geopolitical tensions, specifically Israeli airstrikes on Iran, which sparked a global crypto selloff causing Bitcoin to briefly fall below $103,000. Despite this, institutional interest remains steady, with strong ETF inflows supporting price stability. Analysts note resistance at around $106,500 and support near $103,000, suggesting Bitcoin is consolidating amid cautious investor the front office sentiment ahead of key U.S. inflation data. Overall, Bitcoin is experiencing volatility due to geopolitical risks but retains underlying strength from institutional demand. Institutional investment is a key factor in Bitcoin’s current stability. Large-scale institutional investors now control about 31% of Bitcoin’s total supply, which reflects growing confidence and mainstream adoption of Bitcoin as a strategic asset. These ge
