The price of Bitcoin today is estimated at approximately $107,130, marking a slight decrease of 1.96% compared to yesterday's close, with fluctuations between $110,277 and $107,130.
It is trading near the resistance level around $112,000, which represents an important technical ceiling.
The main support levels are at $107,000, then at $103,000 and $100,000, and have been observed as sensitive trading areas.
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Driving Factors
The decrease in U.S. inflation (CPI at 2.4%) boosts the likelihood of interest rate cuts, creating a positive environment for high-risk assets like Bitcoin.
Increased institutional activity: Significant inflows into Bitcoin exchange-traded funds (BIT ETF) where assets have risen from $91 billion to $132 billion since April.
Corporate purchases for treasuries, such as MicroStrategy and others, enhance long-term confidence to support the price.