$BTC Bitcoin's current market analysis shows a 1% decrease in price over the last day, with its current price hovering around $105,577.37. The market capitalization stands strong at $2.10 trillion, indicating a relatively stable market presence.
*Key Statistics:*
- *Current Price*: $105,577.37
- *Market Cap*: $2.10 trillion
- *24-hour High*: $108,952.38
- *24-hour Low*: $105,577.36
- *Percent Change*: -1.00%
*Technical Indicators:*
- The Relative Strength Index (RSI) and Moving Averages suggest a neutral-to-bullish bias in the medium term.
- A "golden cross" between the 5 and 13-period Simple Moving Averages (SMAs) indicates potential for another bullish breakout.
*Market Sentiment and Influences:*
- Institutional investments and ETF movements have shown positive signs, with a net inflow of funds into US spot Bitcoin ETFs.
- Geopolitical and economic factors, such as US Treasury yields and Federal Reserve policy, are impacting Bitcoin's price.
- Analysts predict Bitcoin could reach $150,000 by Q3 2025, driven by factors like Bitcoin halving and the approval of Bitcoin ETFs by US regulators
*Future Projections:*
- A breakout above $110,000 could clear the path towards $112,000 and a long-term target at $150,000.
- However, failure to sustain price above $104,489 could trigger a correction to the $102,000-$100,000 zone
