BTC REBOUNDS 100k AFTER DIP
Market OverviewBitcoin has reclaimed $107,000 after dipping to $98,700 in mid-June, showing resilience following its $111,970 May ATH. This recovery pattern demonstrates market strength amid volatility, with key support levels holding firm.Key Drivers
• Institutional Buying: $214M+ in large-scale accumulation during the dip
• Technical Support: $100-102K zone triggered bullish momentum
• Supply Constraints: 95% of all BTC mined, intensifying scarcity
• Bitcoin BOUNCES BACK highlights psychological importance of $100K level
Trading Implications
• Upside Targets: $112K breakout opens path to $115-137K range
• Downside Risk: Failure at $100K support could trigger correction to $95K
• Technical Signals: RSI shows bullish divergence with 100% accuracy in similar setups
Future OutlookAnalysts project $115-125K by early July and $150-250K year-end. With just 5% global ownership and growing institutional interest, supply constraints may drive further appreciation amid macroeconomic uncertainty.#BTCRebounds100K $BTC #Square $ETH #writetoearn $BNB