$BTC: Consolidation at $105K Amid Institutional Support & Macro Watch
Bitcoin ($BTC) is currently trading around $105,600, consolidating in the $103K–$106K range following a record-high rally. This stability is driven by robust institutional inflows—ETF demand continues, with BlackRock’s IBIT leading the charge and crypto funds posting nearly $11 billion of net inflows in recent weeks . On‑chain metrics indicate positive sentiment: realized price cost basis is below spot, signaling investor profitability .
Technically, BTC is trading comfortably above its 50‑ and 200‑day moving averages—suggesting upside bias—though RSI signals hint at potential short‑term correction . Crucial levels to monitor: support at $103K–$105K, with resistance near $107K–$108K. A breakout above could pave the way to $112K+, while failure may test the $100K base. With key U.S. data and Fed policy on the horizon, volatility remains possible.
#Bitcoin #BTC #CryptoMarket #InstitutionalAdoption #TechnicalAnalysis
