$BTC

Bitcoin (BTC) is currently trading around $103,000 USD, showing some volatility after reaching recent peaks. Despite a slight pullback, the overall market sentiment seems to be optimistic in the medium term. Institutional interest remains a key factor, with notable inflows into U.S. spot Bitcoin ETFs following some minor outflows.

Technically, BTC is in a short-term bullish trend channel, suggesting continued optimism among investors. However, it is approaching key resistance levels around $105,000 USD, whose breach could open the door to a rally towards the all-time high near $109,000 USD. On the other hand, a drop below the support levels close to $93,000 USD could indicate renewed bearish pressure. The fear and greed index stands at 74, indicating overbought conditions that could precede corrections.