$BTC 🔍 Price & Technicals
Current value: ≈ $105,342 — trading within a range of $104k–$106k, indicating a stable consolidation near the $105K mark .
Support & resistance: The $105K level has held as solid support, with resistance around $106K–$110K .
Indicators: On‑chain & on‑chain metrics suggest a bullish tilt. One analysis shows "not a single sell‑signal" among 30 top indicators, with potential upside to $135K–$230K .
---
🌍 Key Drivers
1. Geopolitical volatility:
Escalating tensions in the Middle East (notably Israel–Iran) have pressured risk assets; Bitcoin briefly dropped to around $103K before rebounding .
2. Institutional inflows & regulations:
A new wave of spot Bitcoin ETFs is bringing ~$1.3 billion in inflows in the past week .
The U.S. Congress advanced bills that are clarifying crypto regulation, contributing to institutional confidence .
3. Treasury adoption:
Trump Media plans to put BTC on its balance sheet after raising $2.3 billion .
Anthony Pompliano is set to lead a SPAC aiming to raise $750 million for Bitcoin purchases .
The U.S. government established a Strategic Bitcoin Reserve via executive order in March, holding ~200,000 BTC (forfeited) .
---
📈 Outlook
Short‑term: Consolidation continues around $105K–$110K. A breakout above the $108K–$110K zone may trigger a rally toward **$115K+** .
Mid to long‑term: Bullish momentum remains, with potential targets between $135K and $230K, driven by strong on‑chain signals and institutional trends .
---
📰 Recent Highlights
Geopolitical risk: Bitcoin's drop to ~$103K mirrored investor flight to gold .
Policy/regulation: U.S. lawmakers have moved forward crypto‑friendly bills, easing long‑standing uncertainties .
Corporate treasury moves: Trump Media and Pompliano's SPAC signal renewed corporate appetite for Bitcoin .
