*Bitcoin is a crypto in the CRYPTO market.
* The current price is 104323.0 USD with a change of -1594.00 USD (-0.02%) from the previous close.
* The highest trading level for the day is 105917.0 USD and the lowest trading level for the day is 103597.0 USD.
Here's an instant look at the current Bitcoin price.
## 📊 Current status:
* **Current price is ~$104,323**, slightly down from the daily high around $105,917 ([investopedia.com][1], [en.wikipedia.org][2]).
* Today's trading ranged between **$103,597 - $105,917**.
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## 📰 Why this fluctuation?
* The market witnessed partial selling due to **geopolitical tensions in the Middle East**, prompting some investors to resort to safe assets such as gold and bonds.
* On the other hand, BTC funds (such as BlackRock) are still seeing strong inflows. Around $412 million have entered the fund in six days, which reinforces institutional optimism ([en.cryptonomist.ch][3]).
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## 🛠️ Technical Analysis - Important Points:
1. **Strong support near $104,000**: Most analysts indicate that stability above this level is necessary to avoid a decline towards $102-$103 ([analyticsinsight.net][4]).
2. **Resistance at 109,000–110,000$**: Breaking it may open the door for a recovery towards the next targets ($120–150$) ([coindcx.com][5]).
3. **Bearish scenario**: If $104,000 is broken, a “rug pull” or sharp correction to $102,000 or lower may follow ([cointelegraph.com][6]).
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## 🎯 Trading recommendations and profit methods:
* **For professional risk managers**: Place **Stop-Loss** orders near 103,800$**, and **Take-Profit** orders at resistance (110,000$+).
* **For long-term investors:** Every upcoming pullback can be viewed as a buying opportunity, especially with continued strong institutional support.
* **For Day Trading**: Take advantage of the fluctuation between 104k and 105.5k + use of technical indicators such as RSI, MACD, may open small quick pushes.
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## 📅 Close expectations:
* BTC is expected to maintain support at 104k this week, with further support possible if the market moves from a geopolitically neutral zone to a "calm" zone or signals emerge from the Fed.
* **Long term (early H2 2025)**: Expectations are to exceed 120k and even 138k if ETF inflows and institutional execution continue, but this depends on macroeconomic stability.
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