$BTC 1. Price & Trend

Bitcoin is hovering around the $103,600 mark, down ≈1.99% on the day.

Recent trading range: $102,600–$105,700, showing typical volatility.

2. Recent Price Drivers

Geopolitical tensions (e.g., Israel–Iran conflict) caused mild selloffs when risk-off sentiment spiked .

A recovery rallied BTC above $106,000 as global risk appetite eased .

Key support: $100K; resistance lies at $107K–$108K .

3. Technical Signals

Bullish scenario: On-chain signals like Binance open interest divergence and liquidation exhaustion may prime BTC for fresh gains above $108K .

Caution zone: Failing to break $107–108K could lead to a re-test of support between $100K and $95.5K .

4. Institutional & Policy Influence

Billions flowing into spot BTC ETFs and corporate treasuries (e.g., MicroStrategy) are strengthening structural demand .

Laws & executive orders (like establishing a U.S. Strategic Bitcoin Reserve) are boosting legitimacy and long-term investor interest .

5. Near-Term Outlook & Forecasts

Most analysts expect BTC to stay in a $100K–$120K band in June–July, with upside if favorable macro developments (Fed rate cuts, ETF flows) materialize .

Some far-reaching options trades bet on extreme upside (e.g., $300K by end of June), though these remain speculative .

Longer-term bullish targets by institutions range from $120K to $145K, or even $200K–$250K under optimistic scenarios .