Bitcoin in the Current Market Scene

The last few 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 the levels of $100,000 and $105,000.

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

However, on the other hand, concerns loom over a potential technical correction after the price reached a peak close to $111,000, which may prompt some traders to reposition.