$BTC
Holds Above $107K After BlackRock Buys In
$BTC is holding strong above $107,000 after dropping to $106,000 earlier this week. The pullback happened during fresh tension between Iran and Israel, which caused some fear in the market. Still, BTC quickly bounced back.
Part of the recovery may be linked to BlackRock buying around $100 million worth of Bitcoin through Coinbase Prime. This big move from a major institution helped boost market confidence.
On the chart, BTC bounced from support at $106,143, but it failed to break past $108,779, forming a bearish candle with a 1.71% dip.
Key Levels:
- Support: $106,143
- Resistance: $108,779
- Target if breakout: $111,980 (all-time high)
If Bitcoin can close above $107,500, it could move higher toward the all-time high. For now, it’s trading in a tight range, with strong support below.
