$BTC
đ Market Overview & Price Action
BTC is hovering around $105K, rebounding after geopolitical volatility and exhibiting resilience amid global tensions .
While recent dips below $105K (and even $103K during peak tensions) reflect short-term pressure, ETF inflows have sustained its footing .
đŠ Institutional & Retail Flows
Bitcoin ETFs have posted five consecutive days of inflows, signaling growing institutional confidence despite the Middle East conflict .
A report highlights a broader adoption trendâowning a full bitcoin is increasingly seen as a modern âAmerican Dreamâ among younger investors .
âïž Technical Insights
BTC briefly dropped to its 50-day moving average (~$103K), prompting elevated demand for protection (options skew suggesting puts > calls) .
Per technical analysis, breakouts above psychological levels (~$108K) could propel BTC toward $110Kâ$112K, with long-term models forecasting a climb to $120Kâ$150K+, perhaps even $200K later this year .
đ Macro & Geopolitical Dynamics
IsraelâIran tensions triggered capital rotation, with BTC dipping below $103K at one point, though gold emergence and ETF inflows have helped it recover .
Bitcoinâs correlation with traditional markets such as stocks and gold is increasing amid dollar weakness and shifting investor sentiment .
đ Corporate & Government Developments
Infrastructure around BTC is growing:
A new SPAC-led bitcoin buying vehicle ($750M target) under Anthony Pompliano is in the works .
Corporations continue to expand BTC treasuriesâthough caution is warranted given elevated average purchase prices .
