Bitcoin is trading around $105,300 today, showing mild intraday movement between $104,400 and $106,000. The market is currently in a consolidation phase after a volatile week, with BTC managing to hold key support levels, signaling underlying bullish strength.
Technical indicators are leaning neutral to slightly bullish. The 50-day moving average near $106,000 is acting as short-term resistance. A decisive break above this level could trigger fresh momentum, potentially pushing the price toward $110,000–$112,000. On the downside, strong support lies at $104,000, and a breach below this could invite further correction toward $100,000.
Market sentiment is cautiously optimistic. Traders are watching institutional flows closely, especially Bitcoin ETF volumes, which remain steady. The broader macro environment and regulatory clarity—especially after Trump’s recent pro-Bitcoin policy updates—are contributing to a more confident outlook among investors.
Analysts note that Bitcoin must close above $106K on high volume to confirm a breakout. Until then, range-bound movement between $104K–$108K is likely. With slight accumulation near support, the short-term bias remains positive, but a breakout confirmation is still needed for further upside.