Bitcoin is currently hovering around $105,700, showing resilience after a brief dip to $100,500 earlier in June. The market remains cautious, with US-China trade talks being a key external factor. Technical analysis indicates that Bitcoin needs to maintain its position above $105,000 and ideally break through the $106,600 resistance level to signal a stronger bullish continuation.
Whale activity suggests renewed institutional interest, which could provide upward momentum. However, the Relative Strength Index (RSI) is sideways, indicating a degree of uncertainty. Overall, BTC's near-term trajectory will depend on macro events and its ability to clear immediate resistance levels.
