$BTC Bitcoin recently peaked near $108K–$112K before pulling back to around $104K amid profit-taking and strong resistance in the $110K–$112K zone. Short-term traders are eyeing the $103K–$105K support range—technically crucial after breaking out of a descending triangle. Geopolitical tensions, including the Israel-Iran conflict, triggered a mild risk-off move, sending BTC below $103K in today’s panic sell-off. Despite this, institutional interest remains strong, with robust ETF inflows and corporate treasuries continuing their accumulation. Overall, momentum is cooling in the near term, but longer-term trends and macroeconomic catalysts—such as dollar weakness and Fed policy—maintain a moderately bullish outlook.