Technical Analysis: Bitcoin shows volatility, recently dipping from $103,000 to $98,700. Support at $98,700, with resistance at $101,000-$103,000. Above 50-day, below 200-day MA; RSI neutral, MACD bearish. Doji at channel top suggests possible bull exhaustion. Significant institutional buying at current levels. Fundamental Analysis: Market sentiment affected by Fed's no-Bitcoin-reserves news. Institutional interest grows with ETFs and luxury brand adoption. Regulatory clarity awaited, economic fears from VIX increase. NUPL bullish, dormancy in buying zone. Political shifts might impact long-term, less so daily prices. Summary: Bitcoin's technicals hint at a pivotal moment, with potential for recovery or decline. Fundamentally, adoption is strong, but regulatory and economic factors introduce volatility. All crypto investments carry risk.
