Currently, the price of Bitcoin is stable at around $106,100, with a slight increase of about 0.014% today. Recent news indicates that its price is significantly influenced by geopolitical risks and macro policies. While it has rebound momentum, it has not yet shown the characteristics of a safe-haven asset.
In the short term, the technical aspect shows that the price faces resistance at the old high of 112,000, and the bulls may have temporarily paused.
On-chain valuation indicators like MVRV show that Bitcoin has not yet overheated, with upward potential still visible, even though models suggest it could rise to $150,000 to $200,000.
Macro-wise, if the dollar weakens, institutional funds continue to flow in, and policies turn friendly, it could catalyze the next wave of price increase. Conversely, if the Federal Reserve delays interest rate cuts and geopolitical conflicts escalate, Bitcoin may correct to the $90,000 to $100,000 range.
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Analysis Summary
The current price of Bitcoin is about $106k, and short-term corrections face resistance. On-chain indicators show it is still not overheated, with potential for medium to long-term growth towards $150k to $200k. However, if the dollar remains strong or macro trends worsen, caution should be taken regarding the risk of a pullback.
