Quick Summary

Upward Trend: BTC has risen by about 1–1.5% so far today, according to various analysts.

Driving Factors:

Strong Institutional Inflows: ETFs like BlackRock iShares have received nearly 1.9 billion USD this week.

Recovery After Geopolitical Tension: Although recent tensions in the Middle East impacted the markets, BTC has recovered above 106,000 USD.

Technical Indicators: Some show bullish signals — wider Bollinger Bands and a Pin Bar on daily charts — which often precede significant rallies.

Opposing Outlook: Despite the current stability, a daily close below around 105,000 USD could generate increased downward volatility.

Bitcoin is showing strength today, with firm support above 106,000 USD. Technical signals and institutional inflows are optimistic, but caution remains regarding macroeconomic and geopolitical events. For short-term traders, monitoring daily closes below 105,000 USD or a bullish breakout above 107,000 USD could present key opportunities.

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