$BTC

Bitcoin is trading around $107,476, down about 2.6% from its recent intraday high of $110,277. The decline follows a strong rally supported by cooling inflation and expectations of rate cuts by the Federal Reserve.

$BTC remains above the key $107,000 support level, which aligns with its 50-day moving average. Resistance is firm between $110,000–$112,000, with technical momentum indicators showing consolidation rather than a clear trend reversal.

Institutional appetite remains strong—U.S. spot Bitcoin ETFs saw $431 million in inflows on June 11, one of the largest daily totals since May.

While short-term holders have begun to take profits, long-term investor confidence appears intact.

Near term, Bitcoin is likely to trade within the $106,000–$112,000 range. A breakout above resistance could open a path to $120,000, while a dip below support could test the $100,000 level. Macro developments and risk sentiment will continue to guide direction.