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Bitcoin is currently holding steady in the $105k–106k range, with solid intraday movement between ~$104.4k and ~$106k, reflecting a modest ~0.37% uptick today. Here’s a comprehensive snapshot of the current BTC situation:
Market Overview
Trading around $105k–106k: As of June 15, BTC sits at roughly $106,066, marking ~0.73% gains over the past 24 hours—driven by renewed interest and ETF inflows .
Approaching all-time highs: Bitcoin is nearing its record peak near $112k (May 22), trading within striking distance thanks to strong momentum .
Technical & Institutional Signals
Bullish indicators:
Price remains above a key 50‑day SMA, which itself is near record highs—signaling bullish momentum, though the narrowing spread hints at potential consolidation or minor pullbacks .
A breakout from a bullish flag pattern supports the case for continued upward moves toward $112k and possibly $137k .
Immediate support/resistance zones:
Support levels: ~$107k, followed by $100k–$104k
Overhead resistance: ~$112k, with an extended target around $137k .
Short-term caution:
Recent chart patterns (e.g. head‑and‑shoulders) suggest some cooldown is possible with retests of ~$104k or even $100k soon .