Regarding Bitcoin, here are the key recent developments:
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📉 Recent Performance
Today, Bitcoin is trading at around $104,322, a slight decrease of $–3,393 or –3.15% from the previous close, after reaching a daily high of about $108,376 and a low of $103,081.
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📰 News and Analysis
Alongside stocks and gold, Bitcoin approached its peak in May ($112,000), driven by a ~9% decline in the US dollar, which pushed investors towards alternative assets.
Markets experienced a strong recovery in May, with the cryptocurrency market rising by ~10% and large institutions entering, while Bitcoin grew by about 10.3% to approach $112,000.
Bollinger band candle technique showed warning signals, including the "three high pushes" pattern which often foreshadows a decline, and a drop in implied volatility (IV) to levels not seen in 11 months.
Recent geopolitical disturbances in the Middle East (Israeli strikes against Iran) have led to the emergence of safe havens for the dollar and gold, while Bitcoin has declined by about 5–6%.
In contrast, positive economic data (lower than expected inflation) and indications of a potential interest rate cut pushed Bitcoin trades towards $110,400 with a possibility of rising to $137,000 if it breaks the resistance at $112,000.
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⚖️ Summary and Predictions
Short-term: Technical highs (such as the "three high pushes" pattern) and a shift towards safe havens necessitate caution. The critical levels to watch are $106,500 and $103,000, and any break below them could push the price towards the range of **$100,000–98,000**.
Medium-term: If Bitcoin maintains support above ~$103–105,000, it could begin a rally towards $115,000–118,000 and possibly to $137,000 according to analysis.
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✅ Summary Process
Category Potential Trend
Technically Neutral leaning towards bearish
Market Fundamentals Institutionally Positive
Risks Geopolitical, Sudden Volatility
