$BTC Technical & Fundamental Analysis

1. Price Consolidation and Short-Term Momentum

Bitcoin is currently in a consolidation phase after reaching a peak of around $112,000 on May 22, 2025. The current price hovers below the resistance level of $108,300, indicating selling pressure and profit-taking by investors. Nevertheless, technical indicators such as moving averages and RSI show a neutral to bullish market sentiment, with RSI around 66–69, approaching the overbought zone but not yet indicating a strong trend reversal.

2. Support from Institutional Investors

Institutional demand for Bitcoin remains strong, as evidenced by an increase in the number of addresses holding more than 1,000 BTC, reaching a three-month high. This indicates accumulation by large investors, which could provide support for prices and reduce selling pressure in the market.

3. Macroeconomic Factors and Government Policy

Pro-crypto policies from the US government, including the establishment of a Strategic Bitcoin Reserve by President Donald Trump, have boosted positive sentiment in the market. This move reinforces Bitcoin's position as a national reserve asset and could encourage further adoption by other institutions and countries.

The Bitcoin market currently shows a consolidation phase with strong support from institutional investors and supportive government policies. Despite short-term pressures, the medium to long-term outlook remains positive, with significant potential for price growth.