📰 What happened with $BTC these days?
👍1. Consolidation range with moderate ups and downs
Bitcoin has fluctuated between 104,000 USD and 108,000 USD in recent days. Driven by institutional purchases and expectations of rate cuts by the Fed, it briefly reached 110,000 USD, close to the all-time high (112,000 USD)
👀2. Influence of geopolitical tension
Conflicts in the Middle East, especially between Israel and Iran, caused temporary drops (~−0.7% to −4%), followed by recoveries in subsequent days barrons.com. The impact was temporary, showing resilience above 105,000 USD.
😅3. Institutional purchases and liquidity
Companies, including Bitcoin funds and large corporations, accumulate #BTC : it is estimated that more than 130 companies have about USD 87,000 M in BTC. Additionally, flows to ETFs totaled $2,400 M USD between June 9 and June 18.
💥4. Technical indicators and current range
Graphically, BTC is within a symmetrical triangle between 103,400–105,600 USD, below the 20/50/100 EMAs and with a key resistance near 106,600 USD (200-EMA). This compression suggests that there could be a breakout soon.
🎉5. Macro outlook and key levels
The market is closely watching inflation data (US CPI) and signals from the Fed. A weakened dollar or rate cuts would favor BTC; conversely, a strong dollar or geopolitical tensions could limit it. Key levels to watch: support at 103–104 K USD, resistance between 110–112 K USD.