$BTC

At the time of writing this post, Bitcoin is trading around $102,800, showing a correction after rising to $105,500. The current dynamics may indicate accumulation before a new impulse. Support has formed around $101,000, while key resistance remains at the same level of $105,500.

The decrease in volatility and volumes suggests that the market is awaiting a new trigger: this could be a macroeconomic news event or a movement in the stock market. The increasing interest from institutional investors, including ongoing inflows into BTC-ETF, supports the long-term upward trend.

As long as the price does not break out of the current range, it is advisable to remain cautious. A breakout above $105,500 would signal a continuation of the upward trend, while a breakout below could lead to a potential correction down to $98,000–$95,000.