$BTC Here's the latest update on Bitcoin (BTC) for Monday, June 16, 2025:
Current price: ~$107,013, with intraday range between $104,601 and $107,120.
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๐ Key Drivers & Themes
Factor Impact Today
Geopolitical jitters Rising global tensions have unsettled markets, but Bitcoin is holding firm above $106K, showing resilience.
Technical outlook BTC recently confirmed a bullish "golden cross" (50โday MA > 200โday), with near-term resistance in the $106Kโ$110K area. Support zones lie at $104K and $100K.
Institutional & corporate activity Growth in BTC ETFs inflows (~$132โฏbillion), and major institutional accumulation (e.g. whales snapping up ~122K BTC over several weeks) reinforce bullish bias.
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๐ฎ Short-Term Outlook
BTC seems to be consolidating within a $103Kโ$112K range amidst modest profit-taking .
Forecast models predict potential upside:
CoinCodex: +1%) and possibly reaching ~$113K by June 17โ18.
Changelly: bullish momentum suggests prices rising toward ~$120.6K by today.
๐ง What to Watch
A break above $110โ112K resistance could spark another wave of momentum.
A dip below $104K might trigger short-term corrections, though strong support lies around $100K.
Keep an eye on ETF inflows, large institutional flows, and global risk sentiment.
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โ Summary
Bitcoin remains bullish overall, with strong institutional support and technical footing, while navigating geopolitical noise. It's currently in a consolidation phaseโbut with potential for a push past $110K if macro conditions and volume align.
