$BTC trades near **$105,450**, showing short-term neutrality with mixed technical signals. Resistance at **$106K–$108K** threatens a pullback to **$100K support**, but MACD/ADX hint at underlying strength.

Long-term fundamentals remain **strongly bullish**:

- Spot ETFs drew **$5.2B+ in May**, fueling institutional demand.

- Post-halving scarcity means only **450 new BTC enter daily markets**—easily absorbed by ETFs/corporations.

- Macro risks (U.S. debt, stagflation) boost Bitcoin’s "digital gold" appeal.

**Price Projections**:

- **2025**: $120K–$200K (conservative) / $220K–$444K (bull case)

- **2030**: $500K+

Watch for a break above $112K to confirm renewed bullish momentum.