$BTC
Here’s the latest on Bitcoin (BTC):
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🚀 Market Snapshot
Current price: $107,925, slightly down (~1.5%) from yesterday .
Intraday range: $107,589 – $110,277 .
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📈 Recent Trends & Analysis
Bitcoin is hovering just above $110K, approaching its recent all-time high of ~$112K posted in late May .
The rally has been fueled by softer US inflation data and speculation that the Fed may cut interest rates, increasing risk appetite .
Increased institutional inflows, including growing ETF demand, have bolstered its flight toward levels analysts see as key resistance at $112K, with upside targets as high as $137K .
On-chain data indicates spot supply is dropping—BTC holdings on exchanges declined ~14% since the start of 2025, a sign of accumulation and tightening float .
Analysts are watching key support near $107K and psychological level $100K; any sustained breakout or breakdown from here could signal the next major move .
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🔍 Expert Outlook
Bullish sentiment: Technicals point to a “golden cross” and flag breakout, with optimistic targets ranging from $120K–$137K, or even mid-2025 targets of $150K–$230K .
Long-term visions: Some market participants like Cathie Wood foresee a path to $1M, though most estimates for 2025 range from $150K to $230K .
Near-term caution: Major resistance remains between $112K–$112.5K, and any rise in inflation could hamper further gains .
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📊 Summary
Bitcoin continues its climb into five-figure territory with strong institutional backing and favorable macroeconomic conditions. With spot supply declining and key technical levels being tested, short-term volatility is likely. A clean break above $112K could open the door to new historic highs—but a stumble may send BTC dropping toward the $100K support zone.
