$BTC Bitcoin is currently trading around $103,900, down roughly 2% intraday. It’s seen a high near $106,100 and a low around $102,609 today.
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📰 Key Developments
1. Institutional and ETF Activity
Bitcoin broke above $106K recently, settling in the $104K–$107K range amid improved risk appetite, easing Middle East tensions, and a steady Fed .
ETFs are roaring ahead. BlackRock’s fund gathered ~$40 billion in just 211 days, helping push total Bitcoin ETF holdings over $90 billion .
2. Corporate Treasury Adoption
MicroStrategy (now “Strategy”) continues to hoard Bitcoin—592,100 BTC, financed partly via high-yield preferred stock—with the firm’s stock now heavily tied to BTC performance .
JPMorgan estimates about $50 billion in indirect BTC exposure via MicroStrategy in passive funds—posing valuation risks if out of key indices .
3. Price Outlook & Technicals
Multiple forecast models see BTC targeting $118K–$125K by July, with multi-month upside to $150K–$200K by late 2025 .
Short term: support lies near $104K, resistance at $106K–$106.5K. A sustained break above ~$108K could kick off a fresh rally .
4. Geopolitical & Macro Pressures
Despite renewed geopolitical concerns, BTC held above $105K, reinforcing its resilience but also underscoring dependency on global risk sentiment curled into macro factors .
Upcoming U.S. policy moves and inflation/economic data are likely to sway short-term momentum.
