$BTC

BTC Update: Market Eyes Key Resistance as Sentiment Shifts

Bitcoin is currently consolidating around the $108,000 mark, with significant focus on the upcoming US tariff decision on July 9. Despite a recent surge past $110,000, BTC has pulled back slightly. Institutional interest remains strong, evident from continued ETF inflows and corporate treasury buying. Some analysts point to bullish technical indicators, suggesting a potential breakout towards $117,500 and even higher by year-end. However, bearish divergences on shorter timeframes indicate caution. The market awaits further clarity from macroeconomic events, which could determine Bitcoin's next major move.