$BTC 💰 Price Snapshot and Market Overview

Current price: $105,512, up 0.78% from previous close.

Intraday range: $104,402–$106,043.

24-hour trading volume: around $35 billion .

📈 Technical Insights

Bitcoin is currently trading between the 23.6% ($105,772) Fibonacci retracement levels, hovering just below the 50‑period EMA (~$105,940). A breakout above $105,772–$105,940 could open a move toward $106,685 or even $107,500. On the downside, a drop below ~$104,500 could revisit support near $102,800 .

📰 Market & Macro Drivers

Geopolitical tensions in the Middle East prompted about $1.15 billion in crypto liquidations, pushing Bitcoin briefly under $105K .

Institutional demand remains solid—ETFs are seeing inflows, and BlackRock holds roughly 3% of Bitcoin’s total supply. SharpLink also bought $463M in Ethereum, signaling continued interest in the digital asset space .

🔭 What’s Next

Traders are watching for a breakout above or a pullback.

Analysts like Bitwise suggest a longer-term target of ~$200K by year-end, with potential “fair value” up to $230K .

The next upside catalyst could be stronger ETF inflows, while macro events—like U.S. inflation updates or global tensions—may trigger volatility.

✅ Summary

Bitcoin is currently stable in the $104K–106K zone with neutral–bullish technical signals. A sustained rally through ~$106K could push it into the $107K–110K area. Meanwhile, geopolitical concerns and institutional activity point to a cautiously optimistic outlook—but keep an eye on macro triggers in the coming week.

If you'd like, I can track Bitcoin’s chart closer or show related indicators like Ethereum or BTC market dominance.