$BTC

Bitcoin (BTC) is currently hovering around $105,800, after retracing from recent highs near $110,400. Despite a 2.5% dip in the last 24 hours, BTC remains in a critical range, showing strong support above $105K. Market sentiment remains cautiously bullish, with traders awaiting a breakout or further consolidation. Technical indicators suggest a cooling RSI, while volume tapers off slightly—often a signal of a larger move ahead. Macro factors like inflation data and ETF flows continue to impact direction. Eyes are on resistance near $112K, with a clear breakout potentially signaling the next leg up.