$BTC Bitcoin ($BTC) is currently trading around $105,000–107,000, after a brief test of the record at ~$112,000 in May. In recent days, it has recovered from a decline due to geopolitical waves — a drop of ~4% due to the conflict in the Middle East.

Analysts evaluate platforms and on-chain models as follows:

• Upon breaking the $112,000 zone, a rapid rise to $120,000 is possible, and the annual target is $200–230,000.

• Technical analysis tools indicate key levels: support — ~$107,000 and $100,000, resistance — $112,000 and $137,000.

What's important today:

• CPI was below expectations, which strengthens the anticipation of a rate cut by the Fed and gives BTC additional upward momentum.

• Institutional demand remains strong: billions have flowed into funds in the first half of the year, and Bitwise estimates the fair price of BTC at up to $230,000.

Conclusion: BTC is near historical highs but may correct to support levels. A breakout above $112,000 is a signal to enter with targets of $120–137,000. Meanwhile, planned support levels are $107,000 and $100,000.