#CryptoSecurity101 Currently, Bitcoin is trading at around $105,842, with a slight increase of about +0.36% from the previous closing price, within a daily range of $105,110 to $106,368. The charts show that the price has not strayed far from the $105,000 level, reflecting a cautious state of stability in volatile market conditions.
Investors are focusing on several important macro factors: the first is developments in trade talks between the United States and China, which could affect market sentiment, along with the release of U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) data in the coming days, as potential catalysts for determining the price trend soon. Additionally, Strategy, a company affiliated with Michael Saylor, has shown continued Bitcoin purchases for the eighth consecutive week, reinforcing confidence among individuals and institutions.
From a technical perspective, there are mixed signals; some analysts are discussing the possibility of a correction towards $91,000 if the support level around $100,800 is broken, while others believe that breaking the daily moving average at ~ $105,000 could push the price up again towards levels of $150,000 by the end of the year.
In conclusion, these levels and data impose that we are in a situation requiring caution and continuous monitoring. If you choose to pay attention to economic indicators and Bitcoin market reports—this is the right time to analyze market offerings. $BTC