shahzadkhan71
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📈 Price Drivers & Market Context
ETF momentum: Spot Bitcoin ETFs (led by BlackRock’s IBIT) saw roughly $2.2 billion in inflows last week, driving BTC toward its all-time high of ~$111.9K .
Fed expectations: Strengthening signals of a potential Q3 rate cut have buoyed risk assets, benefiting Bitcoin .
Geopolitical calm: Eased tensions in the Middle East have shifted investor focus back to fundamentals, supporting near-term gains .
🔍 Technical Snapshot
Current level: Hanging near $107.9K after hovering around $107.3K–$107.5K today .
Key support & resistance:
Immediate support around $100K, a level repeatedly highlighted by analysts .
Resistance slots lie at $107K–$108K channel ceiling, with potential to break toward all-time highs near $112K .
Moving averages: Both the 50‑day and 200‑day moving averages are upward‑sloping—bullish signals on short and long time‑frames .
ETF momentum: Spot Bitcoin ETFs (led by BlackRock’s IBIT) saw roughly $2.2 billion in inflows last week, driving BTC toward its all-time high of ~$111.9K .
Fed expectations: Strengthening signals of a potential Q3 rate cut have buoyed risk assets, benefiting Bitcoin .
Geopolitical calm: Eased tensions in the Middle East have shifted investor focus back to fundamentals, supporting near-term gains .
🔍 Technical Snapshot
Current level: Hanging near $107.9K after hovering around $107.3K–$107.5K today .
Key support & resistance:
Immediate support around $100K, a level repeatedly highlighted by analysts .
Resistance slots lie at $107K–$108K channel ceiling, with potential to break toward all-time highs near $112K .
Moving averages: Both the 50‑day and 200‑day moving averages are upward‑sloping—bullish signals on short and long time‑frames .
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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