#bitcoin is currently trading around $107,600, recovering from earlier dips near $104,600 as geopolitical jitters ease and global risk appetite returns.
Technically, BTC has reclaimed the $106,500 breakout zone—now a key support—and is consolidating below the psychological threshold of $108K–$110K, with on-chain data showing strong institutional and whale demand around these levels. A firm hold above $106,500 could pave the way to test $110K, while a breakdown below $105K may bring the 200-day EMA near $102K into view.
Fundamentals remain robust: institutional spot ETF inflows, mounting corporate treasury adoption, and tailwinds from U.S. legislative momentum are underpinning sentiment. Meanwhile, retail sentiment shows signs of caution—"greed" readings are elevated, flagging possible short-term exhaustion. $BTC is rangebound but primed—with the $106.5K–$110K band key for the next directional move. Watch for volume confirmation on any break, alongside macro headlines and on-chain flow dynamics for clues on where we head next.
