$BTC

On the Way to $110K? 🚀

Bitcoin (BTC) is shining once again in the crypto market! 💎 Today, the asset broke the $107,000 mark, consolidating its strength amidst an still uncertain macroeconomic scenario.

📈 Current Outlook

Current price: ~ $107,764

Daily high: +$1,792 (+1.69%)

Trading range: $105,426 – $107,891

Even with geopolitical tensions and regulatory doubts in the US and Asia, BTC remains resilient and attracts investors as a digital store of value 💼.

🛠️ Technical Analysis

Support: $105,400 – tested and defended zone

Resistance: $107,800 – breaking this level could lead the price to $110K

Chart pattern: Breakout + retest with increasing volume

Indicators: Neutral RSI, suggesting room for another rise

🔍 Why Does Bitcoin Still Dominate?

Growing institutional interest 🏦

With companies increasing their BTC reserves and IPOs like Circle's reinforcing confidence in the sector, institutional liquidity remains strong.

Economic protection narrative 🛡️

In times of inflation and instability, Bitcoin continues to be one of the main alternative refuges for global investors.

🔮 What to Expect?

If Bitcoin strongly breaks the $107,800 level, the next technical target is $110,000. Otherwise, a healthy correction down to $105K could open space for new buyer entries. Either way, BTC's dominance remains unshaken ⚡.

📌 This content is informative and does not constitute investment advice. Always do your own research (DYOR).