📈 Market Snapshot

Bitcoin is hovering around $109K, remaining close to its all-time high near $111,980 set in May .

Technical analysis suggests a key resistance zone between $109K–$110.5K, with strong support near $107K .

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🔍 Recent Drivers & Outlook

Institutional & ETF Flows

Spot Bitcoin ETF inflows remain strong—only one outflow day since early June, signaling positive investor appetite .

Analysts from Bitwise, Bernstein, and Standard Chartered predict Bitcoin could hit $200,000 by year-end, citing rising institutional adoption, regulatory clarity, and macro liquidity boosts .

Macro & Regulatory Factors

The Federal Reserve is widely expected to hold rates steady through July, with cuts possibly coming in September or October. A future cut could spark a rally toward $113.9K .

Political developments—like the U.S. moving toward a strategic Bitcoin reserve under Trump’s administration and anticipation of crypto-friendly legislation (e.g., CLARITY, Genius Act)—are helping build confidence in institutional backing .

Price Action & Volatility

Bitcoin has been consolidating in the $108K–$110K zone, showing tightening volatility—often a precursor to a breakout .

On-chain movements, including shifting of dormant wallets from 2011 (worth over $2B combined), hint at growing activity, though there's no sign of large-scale selling .

$BTC