🚀 Bitcoin Smashes Through $106K — Institutions Go All-In! 💥💰
Wall Street money meets global macro momentum — and BTC’s on fire.
📈 Market Highlights:
✅ BTC surges past $106,500 midweek, riding a 5% two-day rally.
✅ Massive whale activity: ProCap BTC LLC just bought 3,724 BTC 🐳
✅ Spot ETFs see $588.55M in inflows — serious institutional FOMO.
✅ All eyes on Fed Chair Jerome Powell’s second testimony today.
🧠 The Macro Fuel:
🔸 Powell remains cautious on rate cuts, but acknowledges inflation progress.
🔸 Markets interpret this as neutral-to-dovish — risk-on assets like BTC benefit.
🔸 Monday’s Iran–Israel ceasefire boosted risk appetite across the board.
🕵️♂️ What to Watch Next:
Powell’s day-two testimony could set the tone.
If he leans dovish, expect BTC to surge toward $111,980 ATH (May 22 high).
If he's hawkish? Expect some short-term turbulence — but long-term trend remains 🔼.
📊 Technical Outlook:
📍 Support: $103,352 (50-day EMA)
📍 Resistance: $111,980 (ATH)
Momentum is bullish — but consolidation could follow after this breakout. Keep your eyes on volume.
🔥 Bottom Line:
Bitcoin is no longer a retail playground. Institutions are buying. ETFs are loading.
You either front-run the big money — or get left behind.
💬 Will BTC hit $120K before July?