$BTC

🔥💰 Bitcoin Blast: The Latest from #

CryptoMarkets! 💰🔥

BTC is currently trading north of $104K, bouncing after a dip below $100K yesterday—interestingly, its 50‑day moving average just hit a record high 📈

While that’s a bullish signal, the narrowing gap between price and the SMA hints at a potential pullback 👀

On‑chain momentum is surging—wallet growth and circulation reached new highs this year, signaling renewed network strength 🔄

Meanwhile, Sygnum Bank warns that active supply is down by 30% over 18 months, thanks to institutional hoarding—thin supply can spell price breakouts 📉🚀Add in strong inflows—U.S. spot Bitcoin ETFs pulled in $5.2 billion in May, and analysts predict BTC could hit $120K–$125K by June if weak jobs data triggers Fed rate cuts 📊

🛡️ What to Watch This Week:

📉 Will BTC hold above $100K support?

🔄 Can it breach $107K and target $120K+?

🤔 Will institutional demand intensify as supply tightens?

🔔 Have opinions on Bitcoin’s next move? Drop a 🚀 if you’re bullish or ⚠️ if cautious