🔥Latest Bitcoin ($BTC ) Market Update‼️

💥Current Price and Market Trends

🔹️Current Price:

Bitcoin is trading at around $105,139.68, with a slight decrease.

🔸️Market Trend:

The price is hovering around $104,593, showing a slight 0.26% dip in the last 24 hours. Analysts suggest that if BTC stays above $104,800, a rally towards $107,000 is expected.

💥Key Observations and Price Action

🔹️Consolidation Phase

Bitcoin is currently in a consolidation phase, with the price testing support levels. A drop below $104,000 could lead to further declines.

🔸️Resistance and Support Levels:

Immediate resistance is seen between $108,000 and $112,000, while critical support levels are $103,000 - $105,000.

💥Market Sentiment and Predictions

🔹️Bullish Sentiment:

Bitcoin remains bullish with key resistance at $112,000. A breakout could open room for further upside.

🔸️Long-term Prediction:

Analysts project Bitcoin could reach between $135,000 and $320,000 in 2025, contingent on continued institutional adoption and favorable macroeconomic factors.

💥Whale Activity and ETF Outflows

🔹️Whale Activity:

Whale activity increased after Bitcoin rallied near $112,000, suggesting potential profit-taking.

🔸️ETF Outflows:

Recent days have seen significant outflows from US spot Bitcoin ETFs, indicating institutional nervousness.