Here’s a comprehensive analytical report on Bitcoin (BTC), covering the news.
Recent, technical indicators, and relevant "On-chain" data:
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📰 Recent news
1. Continued rise towards 108k – 111k
BTC continued its rise and reached $108,127, driven by stable legal adoption and the implementation of new laws regulating stablecoins, enhancing investor confidence.
Some reports indicate easing geopolitical tensions in the Middle East, enhancing the recent breakout.
2. Temporary decline and fluctuating performance
A few days ago, the currency dropped below 99k due to escalating regional tensions, but the market quickly recovered.
3. Regulation and interest from institutions
Institutions have begun to take a larger role, with major companies entering and increasing their reserves by 507,700 BTC over the past year, while retail holdings decreased by 54,500 BTC.
4. Government institutional gathering in the United States
Executive orders were issued to create a government "strategic Bitcoin reserve" (approximately 200,000 BTC), sending a strong signal of support from the primary financial institution for the currency.
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📈 Technical indicators (technical analysis)
Daily and average daily framework
Its near resistance: $108,200–$108,500. If it manages to break $108,251 with high trading volume, it could reach $110,448 or $111,944.
Moving averages: price above EMA50 and EMA200 ("golden cross") which is a strong long-term signal.
MACD and RSI momentum
The MACD indicator shows a strong bullish crossover; daily RSI = ≈ 50 (neutral) while shorter indicators (RSI-6) approach 68, indicating strength without excessive suprabuy.
Short-term MACD is also recovering bullishly, with the RSI/indicator cards showing bullish pressure.
Support and resistance levels
Support: $107,400 → $105,500 → $104,000.
Resistance: $108,200 → $110,000 → $112,000.
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📊 On-chain data and other indicators
1. New addresses and wallet activity
The increase in active addresses and new addresses indicates increased adoption, supporting bullish momentum.
2. "Whale" movements and institutions
Institutions are adding large amounts, enhancing the potential upside and supporting an element of "investor psychological safety."
3. Exchange flows
Significant flows to platforms were observed on June 18 (≈12,500 BTC), indicating potential short-term selling pressure.
4. **Reactivation of Dormant Wallets**
Could be a key indicator if old wallets are reactivated, as this has previously led to strong upward movements.
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🔍 Comprehensive analysis
Side Analysis
General trend Long-term bullish, supported by golden indicators (EMA50/200), institutional confidence, and improved regulations.
Momentum MACD is bullish, RSI is medium/high, indicating strength without excessive compensation.
Short-term risks Potential correction to ~105k if it fails to hold above 108.2k, especially with selling pressure from platforms.
Opportunities in the medium term Breaking 110–112k could push the target to 120k (as some technical models suggest)
On-chain indicators Positive institutional flows, strong whale activity, and an increase in addresses – all supportive factors for the rise.
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🧭 Outlook
**Short term (Week):**
Bullish scenario: price staying above 108k with good volume → activating a bullish scenario towards 110k+.
Bearish scenario: failure to hold and break below $107,400 → potential temporary pullback towards 105k–104k.
**Medium term (Month):**
Continued improvement in regulations, on-chain support, and institutions increasing their reserves → potential for a new wave pushing to 120k–150k by the end of the year.
External market factors:
Developments in the Middle East, new regulations, and the state of the banking sector could significantly impact, especially on the momentum in trading risky assets.
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📌 Brief recommendations
1. Risk management is essential: place a stop loss below 105k.
2. Multi-stage entry: prefer buying after confirming a hold above 108k.
3. Monitor on-chain: platform flow amounts, whale activity, and dormant wallets.
4. Stay updated with the news: any legislative or political change could quickly move the market.
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If you would like more detailed analyses (like charts) or daily/weekly follow-ups, I would be happy to prepare that as well.