$BTC

Bitcoin's price is currently hovering around $105,000 to $106,000, experiencing some consolidation after recent volatility. Geopolitical events, like the Israel-Iran conflict, have contributed to a slight dip, pushing it below the $103,000 mark at times, though buyers have shown resilience at lower levels. Analysts suggest Bitcoin might be in a period of sideways trading, with key support around $100,000 and resistance near its all-time high of approximately $112,000. While some indicators point to an oversold condition that could trigger a short-term bounce, others suggest a potential for further consolidation or even a reversal from its recent uptrend. The long-term outlook remains generally bullish, supported by institutional interest and ETF inflows, with some forecasts predicting a climb towards $120,000 or even higher by mid-June or year-end.