#CryptoFees101 Here’s the current snapshot of Bitcoin:
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📉 Today's Price & Market Summary
Price: Around $105,550, ranging today between $104,430 and $105,900 .
Volatility: Today’s bounce above $105,000 signals some market resilience, though trading still shows sharp intraday swings between ~$104k–$106k .
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🔍 Market Drivers
1. Macroeconomic & Equity Correlations
A strong U.S. jobs report recently lifted investor sentiment, aiding both equities and Bitcoin — this helped BTC rebound from ~$101k to over $104k .
Broad risk-on mood across markets is supporting the crypto rally .
2. Political Headlines
Ongoing tensions between Donald Trump and Elon Musk have shaken market confidence, contributing to price dips below $101k earlier in the week .
Meanwhile, Trump Media’s BTC‑ETF filing—backed by Crypto.com—is keeping political chatter in the mix .
3. Tech & Sentiment Analysis
Technical indicators are mixed: some analysts point to a “Golden Cross” pattern that could herald gains toward $150k+ .
Others warn of bearish divergence patterns that could trigger a deeper correction toward $90k if support around $100.8k doesn’t hold .
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📈 Price Outlook
Short-term: Immediate support is near $100k–$101k. A rebound above $107k is needed for a bullish reversal . If it loses support below $100k, it's at risk of dropping toward $90k .
Mid-to-long-term: Some analysts forecast BTC could climb to $120k–$150k by mid-year, or even $200k–$250k by year-end ⚠️, while contrarian viewpoints suggest deep pullbacks .
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🎯 Key Levels to Watch
Level Significance
$105k–$106k Current resistance zone
$104k Floating short‑term support
$100,800 Critical neckline from technical patterns
$100k Major psychological & support line
> $107k Technical breakout confirmation
$90k Bearish target if breakdown occurs
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📰 Trending Headlines
Crypto market dips below $101k amid Trump–Musk tensions, Ethereum also down ~6% .