$BTC 📉 Price & Momentum Update

Current Price: ~$107,700

Intraday Range: Low of ~$106,700 to high of ~$109,100

Change: Down ~1.1% for the day

Indicators show short-term exhaustion—MACD and RSI signal cooling below resistance—and price is hovering near a key demand zone between $106K–$108K .

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📰 Key Drivers

1. Consolidation Below All-Time Highs

BTC approached May’s peak of just under $112K, facing resistance at $110K–$111K, and is now holding above the June support zone around $106K .

2. Broad Market Calm

Crypto volatility has declined—on June 12, Bitcoin dipped ~1.6% to about $107,700 following a broader risk-off movement tied to U.S. macro data . Stocks, gold, and Bitcoin are all near highs as investors shift away from the weakening dollar .

3. Institutional & On‑Chain Strength

Spot ETFs grew to $132B in assets, boosting structural support .

On‑chain data confirms strong accumulation: whale holdings and exchange outflows remain bullish .

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🔔 What to Watch

Level Notes

Support $106K–$108K zone—prices have held here. A drop below ~$106K could test down to ~$104K–$100K

Resistance $110K–$111K—breaking above could open the way to challenge $112K and beyond

Analysts are eyeing a potential move toward $112K–$114K if momentum returns, while failure to hold support may risk a retracement to ~$104K .

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📊 Sentiment & Outlook

Micro View: BTC is consolidating. Watch for bullish momentum if it reclaims $108K–$110K, or prepare for a corrective dip if it breaches $106K.

Macro View: Less volatile, institutional inflows continue, and broader "risk-on/haven" demand persists .

Analyst View: Cantor Fitzgerald sees upside “for another year” before a 2026 cooldown