$BTC Here is a clear analysis of Bitcoin (BTC) movement today, based on indicators, scenarios, and news:

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🧭 1. Current Trading Range

• BTC is fluctuating between US$ 104,400 (intraday low) and US$ 106,043 (intraday high), remaining within this narrow range for over three weeks .

• The level of US$ 106,000 has emerged as crucial resistance; without surpassing it, the upward trend faces difficulty .

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📈 2. Technical and On-Chain Indicators

• The daily MACD shows a slight bearish crossover, signaling momentary weakness in buying pressure .

• The RSI approaching neutral levels (approx. 50–60) indicates that there is still room for a rebound without overbuying .

• The 200-day moving average is acting as support at US$ 104,000–105,000. A drop below may signal a test at US$ 102,000 .

• On-chain: an increase in addresses accumulating BTC and BTC moving to “cold wallets” indicates long-term confidence .

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🔍 3. Recent Catalysts

• Tensions in the Middle East had an impact: slight drops below US$ 105K, but BTC quickly recovered .

• Institutional flow through ETFs continues to elevate stocks — assets under management grew from US$ 91 billion to US$ 132 billion, reinforcing structural support .

• Macroeconomic environment (controlled inflation and expectations of interest rate cuts) continues to favor the sentiment for risk assets, such as BTC .