$BTC

📊 Market Snapshot

Current price: $107,878 (down about $1,762, or –1.6% intraday)

Daily range: $107,469 – $110,000

📰 Today’s Key Bitcoin News

1. Whale Wallets Reawaken After 14 Years

Two wallets from 2011, each holding 10,000 BTC—now worth over $1.09 billion—were reactivated. Though the coins were transferred, they haven’t been sold yet, prompting traders to watch for any market impact .

2. Profit-Taking Amid Trade Tensions

Bitcoin briefly rose above $110K but fell about 1.2% (~$107.8K) on Friday due to global market concerns tied to renewed U.S. trade and tariff worries .

3. Consolidation Near $100K–$109K

The coin is stabilising in this range after a ~50% rally since April. Reduced market volume and investor interest suggest a sideways phase, with institutions like MacroStrategy holding ~597K BTC (~3% of supply) .

4. Optimism for Further Upside

Analysts see bullish signs:

Breaking the $114K resistance could trigger a 25% surge to ~$143K .

Seasonal trends and ETF inflows raise the chance of hitting $120K this month .

5. Technical Levels to Watch

Support: $107K–$108K. Falling below may test ~$105K, though broader drops under $105K are deemed unlikely .

Resistance: $114K is key; surpassing it could open the door to $120K+ .

🔍 Outlook Summary

Short-term: BTC is consolidating around $108K–$110K, with volatility suppressed. On‑chain metrics indicate buyer dominance .

Catalysts:

Institutional ETF inflows continue riding a trend since April (~$45B monthly) .

Market watchers are eyeing upcoming macro data and potential Fed moves in late July .

Risks:

Large whale movements (e.g., those 10K BTC wallets)

Geopolitical or macro developments that could undermine sentiment

✅ What to Watch

Whether Bitcoin maintains support around $107K–$108K

A breakout above $114K could trigger a fast move toward $120K–$143K