🚀 #BTC Price Update!

📈 Bitcoin ($BTC) is holding strong in a dynamic market!

🌍 Here's the latest on the $BTC /USD pair as of June 16, 2025, 12:11 PM IST:

💰Current Price: $106,659, up 0.85% in the last 24 hours, trading between $105,200 and $107,120.

📊 Market Sentiment:

🐂Bulls are pushing past $106,500 resistance, with the 50-day SMA at $103,500 providing solid support.

🐻 Bears remain cautious after a brief dip to $103,200, forming a potential bullish flag pattern.

🔥Key Developments:

💸Bitcoin ETFs recorded $1.5B in inflows this week, reflecting strong institutional interest.

🐳Long-term holders added 620,000 BTC, while short-term holders show mixed activity, signaling confidence in upward momentum.

📡 Rumors of a major corporate BTC purchase are fueling optimism in the market.

🎯 Price Outlook:

🚀 Bullish targets: $120,000 by June 23 if momentum breaks $108,000 resistance.

⚠️Support levels to watch: $104,800 (0.95 SSD quantile) and $96,500 (0.85 SSD quantile).

$BTC continues to shine as a store of value!

💪 Keep an eye on the charts!

🌟 #Bitcoin #CryptoNews