Bitcoin is currently stuck at the key position of $108,000. If it breaks through, it may surge significantly; if it falls back, it may face a pullback.
Current situation: The price is around $107,000, making an effort to break through the important resistance zone of $108,000-$109,000. If it breaks through, it may trigger a significant rise; if it fails, caution is advised for a potential decline.
Good news: Large companies (like BlackRock) and major investors are buying up aggressively, and the available Bitcoin on exchanges is decreasing, indicating positive sentiment for the future and a tight supply.
Caution: Short-term technical indicators are somewhat mixed, with a risk of pullback (support is at $102,000-$104,000). In the long term, although there is support from large institutions, new regulations and policy changes in the U.S. remain uncertain.
Bitcoin is gathering momentum before an important threshold, with large funds stockpiling, which is positive news. However, short-term volatility is inevitable; ordinary investors should avoid chasing highs and lows and invest with spare cash for greater stability. #BTC #ETH #pi #PiJS