⚡ Has Bitcoin returned? $BTC
Breaks 105 thousand with a target of 138 thousand
🧭 Quick Overview
Bitcoin exploded above $105,000... but what’s the real reason behind this rise?
🔍 What’s happening?
rose more than 3% in the last 24 hours, recording a daily high of $107,000 after bouncing back from $102,000 on May 19.
💼 Why is it important?
Capital is flowing strongly. Spot Bitcoin ETFs have seen positive inflows on 18 out of the last 21 days, gathering around $6.9 billion.
MicroStrategy purchased 7,390 $BTC
for $765 million, and Japanese company Metaplanet increased by 1,004 $BTC
for $129 million. Other investment funds attracted $785 million during the week, of which $557 million was just for Bitcoin.
📈 What does the chart say?
A "cup and handle" pattern is forming, which is usually a sign of strong upward movement. The price is currently above the handle area and is trying to break the neckline at $106,000. If it can close above it, it might face resistance at ATH 109K... and if it breaks that, the technical target is 138K (+31%).
Also, futures are heating up: open interest has reached an all-time high of $72.6 billion, and CME is also at a 90-day high.
🎯 Sam’s Summary
There is real momentum. Institutions are buying, traders are betting, and technical analysis supports it. If $BTC
breaks $109,000, we could enter a new price range faster than you expect. Let’s keep an eye on the next close.
