$BTC

$BTC 📈 Current Bitcoin Status

Current Price: Approximately 104,743 USD, slightly down from previous trading.

Daily Trading Range: Between 104,601 and 106,043 USD.

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Why is this important?

1. Continued Institutional Inflows: During the week ending June 13, 1.37 billion USD was raised in spot BTC ETFs, supporting the price above 100,000 USD.

2. Strong Technical Support: The price is holding well above the 50 and 200-day EMA lines, increasing the chances of a rise towards levels of 111,917–112,000 USD.

3. Optimistic About New Record Highs: Some technical analysts are setting long-term targets at 140,000–270,000 USD during the current bullish cycle.