$BTC

Bitcoin ($BTC ) is currently trading around $102,427, slightly below its recent peak of $105,747. This surge was fueled by softer U.S. inflation data and optimism over potential Federal Reserve rate cuts.

Institutional interest remains strong, with significant investments like Strategy's $1.34 billion BTC purchase. Analysts project BTC could reach between $120,000 and $200,000 by year-end, driven by factors such as the 2024 halving and increased institutional adoption.

However, short-term resistance near $105,000 and market volatility suggest caution. For long-term investors, holding or accumulating during dips may be prudent, while short-term traders should monitor resistance levels and macroeconomic indicators closely.