Bitcoin has officially broken the $106,000 mark, its highest price since early April 2025. The 24-hour trading volume surged over 35%, reaching around $48 billion, largely driven by increasing institutional inflows via spot Bitcoin ETFs in the U.S.
What's Fueling This Rally?
ETF momentum continues: Major funds like BlackRock’s IBIT are consistently attracting hundreds of millions in weekly inflows, reflecting strong confidence from institutional investors.
US stock market support: Nasdaq rose 1.3% amid rising hopes the Fed may pause interest rate hikes, indirectly boosting demand for risk-on assets like Bitcoin.
Post-halving sentiment: While BTC didn’t pump immediately post-halving, miner outflows are stabilizing and on-chain data shows accumulation is resuming.
But Is This Sustainable?
On the flip side, caution remains:
RSI is approaching overbought levels, signaling a possible short-term pullback.
Profit-taking has begun near the $105K zone, which could create resistance.
Altcoins are catching up: ETH, SOL, and PEPE have outperformed BTC in the past 24 hours, hinting at capital rotation.
Conclusion
Bitcoin is once again back in the spotlight. But is this the beginning of the march to $110K, or a breather before the next dip?
Whatever the case, risk management and emotional discipline are key right now.
What’s your take on this $BTC breakout?
