#BTC #ETH #bnb
Bitcoin is hovering around $107k, down ~2.1% in the last session, following a brief test of record highs near $112k. Here's a detailed look:
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đ Market Drivers
1. Macro & Institutional Support
Favorable inflation data and speculation of Fed rate cuts are fueling appetite for risky assets, aligning BTC with equities .
Spot Bitcoin ETFs now hold around $132âŻbillion, highlighting strong institutional demand .
2. Exchange and On-Chain Signals
BTC supply on exchanges is shrinking, while inflows of stablecoins into Binance suggest upcoming buy pressure .
Whale accumulation remains high, with a Glassnode score near 0.88âindicating more buying than selling .
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đ Technical Setup
Bullish Indications:
BTC has broken out from a bull-flag pattern and is trading above its 50-day and 200-day moving averages (a "golden cross") .
Key support zones at $107kâ$110k, and even $100k, remain intact .
Potential Risks:
The gap between price and the 50âday SMA is narrowing, sometimes a precursor to a pullback of up to 10âŻ% .
A minor dip could see BTC test support near $104kâ$105k .
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đŽ Outlook
Short-Term (2â4 weeks):
Technicals and macro tailwinds favor a breakout past $112k, possibly targeting $120k .
Medium-Term (rest of 2025):
Many models and analysts project BTC reaching $150kâ200k by year-end, with some exceptional bull cases forecasting even higher .
Downside Scenario:
A drop below $104kâ$105k could invite a deeper correction to $100k or slightly lower, but broader fundamentals remain supportive.
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â Conclusion
Current market signalsâstrong on-chain accumulation, supportive macro backdrop, and bullish technical structureâpoint toward further upside in the near to mid-term. The next few weeks may see BTC reclaim and break above $112k, with a bullish path toward $120k+ through year-end. However, stay alert: a short-term pullback to lowâ$100k territory isn't out of the question.
DYOR Before investing on Crypto .
