OVERVIEW OF BTC TODAY
+BTC is trading around ~106,448 USD, still holding above the important support level of 106K
+ There are signs of convergence in the strong resistance zone from ~106,500–107,000 USD; trading volume is slightly low, so the next trend could be sideways or a breakout depending on further strong push.
+ Technical indicators (RSI, MACD) remain quite neutral, indicating that the upward momentum is still present but has not yet broken out clearly.
>> Fundamentals & institutional cash flow
- Institutional capital inflow into BTC remains strong, especially through ETFs. Many institutions continue to accumulate BTC, and the supply ratio on exchanges continues to decrease.
- Short to medium-term forecasts indicate that BTC could rise to 130K–150K USD if it surpasses the current resistance area and the ETF trend continues positively.
✅ Notes for you
+ Short-term trader: Watch for a breakout in the 107K-108K area with high volume to enter a position, or wait for a retest at 104K–102K.
+ Long-term holder: The active institutional context still supports the medium to long-term upward trend. This can be seen as an opportunity to average down if there is a correction towards the 100K area.
