📈 Current Market Snapshot

Price: $105,367 USD

Change: +$39 (+0.00037%)

Intraday Range: $104,982 – $106,809 news.az+5pintu.co.id+5analyticsinsight.net+5

🔍 Market Insights

Whale Activity: A significant whale transaction of 79,244 $BTC was recorded, fueling bullish sentiment and contributing to the current price surge. pintu.co.id

ETF Inflows: BlackRock's Bitcoin ETF reported a $58 million daily inflow, indicating growing institutional interest and confidence in Bitcoin's long-term prospects. blockchain.news

Strategic Reserves: The United States has established a Strategic Bitcoin Reserve, holding approximately 207,189 $BTC

underscoring the increasing recognition of Bitcoin as a reserve asset. en.wikipedia.org

📊 Technical Analysis

Support Levels: Strong support is observed between $104,000 and $105,000.

Resistance Levels: Immediate resistance is noted around $107,000, with further resistance at $110,000.

RSI: The Relative Strength Index (RSI) is currently at 60, suggesting a neutral to slightly bullish momentum.

🔮 Price Forecast

Short-Term Outlook: Bitcoin is expected to test the $107,000 resistance level. A breakout above this level could lead to a rally towards $110,000.

Long-Term Outlook: Analysts predict that Bitcoin could reach up to $142,086 by the end of 2025, driven by increasing institutional adoption and global economic factors.