$BTC Bitcoin (BTC) surged above $106,700 today, bolstered by technical indicators and strong institutional buying. A CoinDesk analysis highlights a positive MACD crossover on Bollinger bands, signaling a potential uptick in volatility and paving the way for a fresh rally . Meanwhile, NYDIG research notes declining market volatility even as BTC hits all-time highs—signaling a maturing market and opening “inexpensive” hedging or directional plays ahead of catalysts like Fed data and ETF decisions in July . Complementing this, BlackRock injected $239 million in BTC, triggering a 5.7% price jump above $105K and confirming hefty ETF inflows .

Analysts remain constructive: closures above $108K could catalyze a summer push toward $120K+, with key policy and macro events likely guiding the next major move .