$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) .

---