$BTC continues to hover just above $105K, marking a crucial zone of support following its all-time high of nearly $112K in late May. Over the past weeks, we’ve seen a measured pullback — a healthy cool-down fueled by profit-taking among early buyers . Technically, the $100K–$105K range appears solid, but a new breakout above $107K–$108K would bolster bullish momentum and open the path toward $120K–$125K targets if macro signals turn favorable .
On the flip side, a failure to hold above $104K might trigger deeper corrections, possibly back toward $97K, especially if global risk sentiment worsens . Market watchers should keep a keen eye on upcoming U.S. economic data—especially jobs prints—that could impact Fed policy. A shift toward rate cuts would likely reignite BTC’s rally.
From a structural standpoint, institutional flows remain supportive. Bitcoin’s inclusion in the U.S. Strategic Bitcoin Reserve, along with sustained ETF demand and mining industry strength, further cements its evolving role as a core asset . In my own strategy, I’m holding spot positions in this range, ready to scale in on dips toward $104K and stay agile for a breakout above $108K.
