$BTC 's technical outlook with a forward‑looking perspective:
Current price dynamics
Hovering around $105K, Bitcoin recently bounced after dipping toward $104K amid Middle East geopolitical volatility and leveraged funding liquidations .
A strong rebound above $105.5K signals robust short‑term support.
Short‑term outlook
Technical overextension, wedge breakdowns, and weekly bearish divergences suggest possible choppy trading or modest pullback into $103K–$104K range .
Key levels to monitor: $105K upper band of the 4‑hour Bollinger range, and $103K short‑term support.
**Medium‑term trend (weeks to mid‑July)**
Weekly golden cross (50/200‑day MA), flag/pennant breakout setups, and institutional demand via ETFs point to sustained bullish momentum .
Analysts target renewed upside toward $112K, $115K, and into the $130K–$137K zone .
Catalysts & risks
Macro drivers: Potential Fed rate cuts, U.S. dollar weakness, and inflows into crypto ETFs are bullish tailwinds .
Geopolitics: Middle East tensions can spark abrupt drawdowns, as seen in recent $1 bn+ liquidations .
Target zones & risk thresholds
Upside: Breaking and holding above $112K–$115K could open a path to $130K–$137K by late summer .
Downside: Falling below $103K exposes support in the $97K–$100K region, especially if macro shocks or leverage unwind intensify .
Outlook Summary
Expect a mixed phase near term with potential dips into $103K–$104K, followed by a bullish resurgence into $112K–$115K and possibly beyond to $130K+—if macro factors remain supportive and key supports hold.
