Bitcoin in the Current Market Scene

Recent weeks have seen a gradual increase in the price of Bitcoin, driven by multiple factors:

Increased institutional buying led by companies like MicroStrategy.

Strong technical support between levels of $100,000 and $105,000.

Positive signals from technical momentum indicators such as RSI and MACD.

However, on the flip side, there are looming concerns of a technical correction after the price reached a peak near $111,000, which could prompt some traders to reposition.