$BTC

Dear Binance Friends

📊 Latest Bitcoin (BTC) Update

Current Price: Approximately $104,172, down around 0.03% from the previous close, with today’s trading range between $103K–$108K .

Short-Term Movement: Bitcoin dropped below $104K on June 12 amid risk-off sentiment triggered by the Israel–Iran escalation, though it rebounded above $105K earlier this week .

Record Nearness: BTC traded near its all-time high (~$112K in late May), currently hovering 4–5% below that peak .

Market Sentiment & Drivers:

Volatility easing: This recent dip contrasts with a shift towards lower volatility, as BTC shows signs of maturing as an asset class .

Macro trends: A weaker U.S. dollar (down ~9% YTD) and global uncertainty have buoyed alternative assets—stocks, gold, and Bitcoin—simultaneously .

ETFs & institutional inflows: Spot Bitcoin ETF assets soared to $132B from $91B in April, though recent modest outflows (e.g., ~$132M through June 6) reflect shifting flows .

Technical setup: BTC is testing key support at ~$104K–$107K, with resistance around $112K. A breakout could target new highs, while losses below support may push it toward $100K .

🔭 Near-Term Outlook

Hold above $104K: If BTC maintains support in the $104K–$107K zone, momentum could drive it back toward $110K–$112K, with potential for new highs.

Risks: Escalating geopolitical tensions or macro economic shocks could trigger dips—$100K remains a crucial floor.

Analysts’ Views:

Most technical models foresee Bitcoin trading within $100K–$120K through mid‑2025 .

Bullish projections range from $150K to $230K by year-end, with long-term targets in the $300K–$1M+ territory .

✅ Summary

Bitcoin is consolidating in the $100K–$110K range after its May peak, supported by macro tailwinds and ETF momentum—even as geopolitical uncertainty adds downward pressure. Technically, it's stable above key support levels, and sentiment remains cautiously optimistic.

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