$BTC

Dear Binance Friends . Here’s the latest on Bitcoin (BTC).

📊 Price & Market Behavior

BTC is trading around $106,885, holding steady above $106K after volatility linked to geopolitical tensions in the Middle East .

The recent dip into the $103K–$104K zone served as a key support base, with bulls reclaiming momentum and pushing prices back above critical Fibonacci levels (~$105.5K–$106.7K) .

🌍 Macro & Geopolitical Factors

BTC initially dropped amid Israel‑Iran conflict but rebounded alongside equities, reinforcing its current correlation with broader risk assets—though it fell short of behaving like "digital gold" .

Its performance has been mixed: contrasted to gold’s rally during safe‑haven moves, BTC has acted more like a high‑beta asset in current turbulence .

🏦 Institutional & ETF Dynamics

Daily Bitcoin ETF inflows remain strong—$200M–$500M per day between April and June—bolstering price stability .

Institutional interest is further fueled by public firms adding Bitcoin to their treasuries .

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🔍 Technical & Sentiment Insights

On-chain and chart indicators show a bullish “Change of Character” post $104K dip, signaling renewed buyer interest and strength in mid‑term trend .

Resistance lies in the $108K–$110K range, with support near $104K–$105K. A break above resistance could set the stage for a surge toward **$110K+** .

🧭 What to Watch

1. Geopolitical headlines—especially in the Middle East—for near-term volatility shifts.

2. ETF flow data—sustained inflows mean upward support; any major outflows may unsettle price.

🔍 Summary

Bitcoin is consolidating its recovery in the $104K–$108K range, supported by robust ETF inflows and institutional interest. While geopolitical uncertainty introduces volatility, easing tensions or macroeconomic tailwinds could propel BTC toward new highs above $110K+ or even $130K+ later this year. However, a break below $104K might open deeper correction.

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