Here's the latest on Bitcoin:
📈 Market Snapshot
Current price: ~$109,818 USD—up about $350 since yesterday.
24-hour trading range: $108,624–$110,387.
🔍 Market Drivers
Institutional inflows: Bitcoin-focused ETFs have attracted nearly $50 billion, pushing BTC up ~2.4% in the past day to over ~$110,300 .
Crypto funding signals: A dip in funding rates late June preceded sharp gains, suggesting more upside if shorts are squeezed—buyers often thin to liquidate at ~$111,320 .
Macro context: Strong US jobs data has knocked out near-term Fed rate cut speculation, potentially capping BTC’s rally momentum .
📊 Technical Outlook
Resistance near $110K is being tested, with bearish divergences warning of a potential pullback .
Analysts see potential upside next toward $112K–$114K. One target could be as high as $143K if key resistance breaks .
📰 Notable Commentary
Robert Kiyosaki, author of Rich Dad Poor Dad, called BTC “priceless” around $107K and said he's still buying .
Global X ETFs projects Bitcoin reaching $200K within 12 months if current ETF inflows and institutional adoption persist .
Peter Brandt, a veteran trader, observed that what looks like a bear flag may be an upside consolidation—implying a move toward $115K–$118K if support holds .
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🔎 What to Watch Next
Event / Factor Potential Impact on BTC
ETF inflows More institutional buying → upward momentum
Technical resistance Break above ~$110K–114K may open path higher
Fed policy & jobs data Strong jobs reduce rate-cut chances, which could limit rally
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