#BTC

Current Trend: Bitcoin is trading within a range of $97,000 to $112,000, with strong resistance at $112,000 and support at $100,000.

Volatility: Bitcoin's volatility has dropped to its lowest level in two years, indicating relative stability in the market.

Forecasts: Some analysts expect the price to rise to $120,000 by July, driven by institutional investment flows and the likelihood of interest rate cuts by the Federal Reserve.

Influencing Factors:

U.S. Economic Data: A slowdown in job growth in the United States may prompt the Federal Reserve to cut interest rates, potentially boosting demand for digital assets like Bitcoin.

Institutional Investment: Bitcoin exchange-traded funds have seen significant financial inflows, reflecting increasing interest from financial institutions.

Technical Analysis: Technical indicators show resistance at the $112,000 levels, with a possibility of a correction if this level is not breached.