Technical indicators support the rise, while the market awaits US inflation data and its impact on interest rate policy. Additionally, a trend has been observed among major institutions to store Bitcoin, which enhances confidence in the market.

Advice: If the price maintains a level of $107,000, entering a buy position may be justified, while breaking below $105,000 calls for caution and waiting for a deeper correction.

Source: The analysis is based on live market data from TradingView and Investing.com dated today.