The price of $BTC is around 107,200 USD, following a recent recovery from ~ 100,000 USD. Additionally, in the last two weeks, inflows into ETFs have increased and a Strategic Bitcoin Reserve project was activated in the U.S..
Technically, BTC remains close to intraday highs of 107–108 K, and several analysts warn that a sustained break above 108,000–109,000 USD could trigger a rise towards 120,000–145,000 USD in the coming months (Scaramucci even mentions 200,000 USD by the end of the year). In my opinion, as long as it stays above 105,000 USD and institutional inflows continue, the bias remains bullish.
