$BTC Bitcoin is trading near $105 k, rebounding from intra‑day lows around $104.4 k amid mixed macro signals. Its 50‑day moving average hit a record high earlier this month, a bullish sign, though the gap is tightening—hinting at a possible 10% pullback . Geopolitical shocks in the Middle East have triggered modest volatility, nudging BTC toward a “bull‑trap” risk near $110 k . Meanwhile, easing inflation and strong institutional inflows—especially via spot ETFs—support a bullish outlook up to $120–125 k, provided key support around $100 k holds .