$BTC

Bitcoin (BTC) continues to be a central figure in the crypto market, currently trading around $104,395 USD (approximately PKR 29.4 million). Recent movements have seen it climb, supported by easing US recession fears and positive jobs data.

However, it's a dynamic landscape. While some analysts point to bullish signals like the "Golden Cross" pattern suggesting a potential rally towards $150,000, others warn of possible corrections, with some technical indicators hinting at a drop towards $96,000 or even $64,000. ETF outflows in recent weeks have also put some downward pressure on the price.

Key factors influencing BTC's price include:

* Macroeconomic trends: US inflation data and trade headlines continue to impact overall market sentiment.

* ETF flows: The sentiment and investment into spot Bitcoin ETFs remain crucial for demand.

* Regulatory developments: Legislative progress, such as the "Bitcoin Act" in the US, could significantly affect the market.

* On-chain metrics: Trading volume and active addresses are closely watched for signs of market health.

Bitcoin's journey is characterized by volatility, but its long-term potential continues to be a hot topic among investors and analysts.