$BTC is trading around $103,750, down 2% in the last 24 hours after reaching a daily high of $106,105. The market is currently consolidating in the range of $103,000–$106,000 against a backdrop of growing institutional interest: in the USA, inflows into spot BTC ETFs have exceeded $8 billion in recent weeks.

Large companies like Strategy (formerly MicroStrategy) continue to increase their positions, and many public firms are creating Bitcoin reserves. Technically, BTC is holding above the key support of $103–104k, but has not yet broken through the resistance at $105–106k.

Forecasts are optimistic: analysts expect a rise to $120–125k this summer, with a potential move to $150–200k by the end of the year. However, risks remain — global macroeconomics, geopolitics, and a potential correction could introduce instability.

Conclusion: Institutional investments and the ETF structure support the trend, but it is important for investors to monitor the support levels at $103–104k and resistance at $106–108k. Moderation and caution are recommended.