$BTC Bitcoin reclaiming $105,000 is a significant move, reflecting strong market momentum as of June 20, 2025. Based on recent analyses, here’s a quick breakdown:

• Market Context: Bitcoin has been trading around $104,980-$106,773, with resistance at $108,000-$109,000 and support near $103,000-$104,000. The reclaim of $105,000 aligns with a consolidation phase after hitting an all-time high of $111,970.17 in May 2025. Technical indicators like RSI (neutral at 53.89) and a contracting Bollinger Band suggest a potential breakout soon, though direction remains uncertain.

• Drivers: Institutional interest, particularly ETF inflows (e.g., BlackRock’s iShares Bitcoin Trust holding 666,842 BTC), and positive macro factors like cooler-than-expected U.S. inflation data are supporting the rally. However, geopolitical tensions (e.g., Israel-Iran conflict) and leveraged liquidations introduce volatility.

• Sentiment: The Fear & Greed Index is neutral (48-57), indicating cautious optimism. Posts on X highlight a mix of bullishness (e.g., inverse head-and-shoulders pattern) and caution due to resistance levels.

• Outlook: If BTC holds above $105,000, it could target $108,000-$115,000 by July, with long-term predictions ranging from $150,000-$200,000 by year-end. A drop below $103,000 could test $100,000.

Anything specific you want to dive into—technical levels, ETF impact, or long-term predictions?