Bitcoin is currently trading around $108,624, not yet at $110K today. Here's what’s going on:
📈 Near-Term Price Outlook
Bitcoin is hovering in the $107K–108K range, defended by a key resistance zone at $108.7K. A clear breakout above this could push it to $110K .
Analysts note that flipping the $108K–110K range into support is critical for any sustained rally .
🔍 Today's Context
Crypto news outlets report BTC is trading in the $107K–108K band, with steady institutional inflows fueling momentum .
One report indicates BTC is “nearing $108K amid strong ETF inflows,” with eyes on the $113K mark by July .
🧠 Key Catalysts Ahead
ETF flows and institutional buying: Heavy inflows into Bitcoin ETFs are providing upward pressure .
Macro trends: Softer U.S. inflation (CPI) data has strengthened the BTC bull case and reduced volatility .
Technicals: A clean daily/4-hour close above $108.7K–110K could open the door to new highs (~$112K–113K) .
✅ Summary: $110K Today?
Short answer: Not yet. BTC is still ~1–2% below $110K as of now.
What to watch: A breakout above $108.7K with strong volume could lead to a push toward $110K. But there's still resistance near that level.
🔄 What You Can Do
Consider watching for a daily candle close above $108.7K–109K—this would increase the odds of testing $110K soon.
If BTC gets rejected and drops back toward $106K–107K, it may consolidate before making another run.
Let me know if you’d like support levels, entry ideas, or deeper technical breakdowns!