$BTC

As of Thursday, June 12, 2025, 3:50:45 PM IST, the current scenario for the Bitcoin ($BTC) coin pair is characterized by:

* Price Level: Bitcoin is trading around $107,000 - $108,000 USD. It has seen some volatility recently, ranging from around $104,000 to over $110,000 in the past 24 hours and the last week.

* Recent Trends:

* It experienced a brief surge above $110,000 following cooler-than-expected US Consumer Price Index (CPI) data, suggesting some market optimism regarding inflation. However, it has since retreated.

* Over the past week, BTC has seen a positive gain of around 3-4%. Over the past year, it has shown a significant increase of approximately 55-60%.

* Market Sentiment & Factors:

* Macroeconomic Uncertainty: Despite the positive CPI data, overall macroeconomic uncertainty remains high, contributing to caution among investors.

* Trade Tensions: Stalled US-China trade negotiations have somewhat dampened investor sentiment and triggered some risk-off behavior in global markets, impacting crypto as well.

* Liquidation Events: Recent liquidations of overleveraged bullish positions in crypto futures have added downward pressure on prices.

* Institutional Interest: Bitcoin Exchange Traded Funds (ETFs) continue to see significant inflows, indicating growing institutional interest and adoption.

* Political Narrative: Bitcoin's role as a political tool, with support from figures like Donald Trump, is adding a new dimension to its mainstream acceptance.

* Technical Outlook: While short-term technical analysis suggests a slightly negative outlook due to some broken support levels, the medium-term outlook is generally assessed as positive.

* Key Resistance & Support: Important levels to watch are around $112,000 and $137,000 as resistance, and $107,000 and $100,000 as support.