$BTC Current Market Overview

• Price: around $105,216, down ~2.3% for the day.

• Daily Range: $105,216–$108,801  .

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📰 Recent News

• Geopolitics — the main driver: Israeli-Iranian tensions lowered the price to $103,000 last week; a rebound above $105,000 occurred a few days ago.

• Institutional Purchases: large players continue to buy BTC, keeping the price in the ~$107,000–$108,000 range.

• Macroeconomics: dollar weakness and Fed rate expectations support interest in both stocks and gold as well as bitcoin .

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🔎 Technical Analysis

• Strong support remains on the daily chart between $105,000 and $107,000; resistance is around $108,000–$112,000 .

• Indicators (MACD, Bollinger Bands) show increasing volatility and a possible upward reversal .

• The strategic indicator IBCI from CryptoQuant rates the cycle as “neutral,” signaling — there is potential for further growth .