$BTC

Look at the latest Bitcoin analysis:

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🚀 Recent Price Action & Market Trends

Above $106K amid geopolitical concerns: Bitcoin has recently held steady above $106,000 amidst global tensions and heightened volatility, reflecting investor confidence .

Approaching record highs: BTC is just shy of its all-time high (~$112K), with technical indicators like the “golden cross” and bullish flag patterns signaling potential for new highs .

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Analyst Forecasts & Outlook

Bullish institutional voices:

Bitfinex analysts see BTC hitting $120K–$125K in June if it stays above $105K .

Cathie Wood ($1.5 M by 2030) and Tom Lee ($150K by year‑end, $3 M long‑term) remain optimistic .

Industry speculations extend to $150K–$200K by end‑2025 and even $1M+ by 2030 .

Model projections:

Supply‑Adjusted models suggest an eventual peak between $221K–$250K, with MVRV ratios still below cycle highs .

Changelly forecasts a modest uptick to ~$121K by mid‑June (~15% short‑term rise) .

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Technical Analysis & Short‑Term Risks

Support & resistance zones:

Key resistance lies at $106K–$108K, breaking above could push BTC into new highs (~$112K–$113K+) .

Major support exists between $100K–$105K; a drop below could lead to a deeper correction toward the $95K–$100K range .

Potential for consolidation or pullback:

Some technical indicators hint at a “bull trap” scenario, with profit-taking and news‑driven pullbacks potentially triggering dips below $100K .

CoinDesk notes a bearish head‑and‑shoulders pattern; BTC must push past $107K to invalidate it .

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