$BTC 📈 Current Situation

Bitcoin was trading at around 105,766 USD, with daily fluctuations between 104,402 USD and 106,043 USD. After a dip below 104,000 USD due to recent geopolitical tensions in the Middle East, it then recovered, closing above 105,500 USD.

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🔍 Factors Influencing the Price

1. Geopolitical Tensions

Military actions in the Middle East have caused widespread selling of risky assets, including Bitcoin, pushing it below 103,000 USD for a brief period. Even though it has rebounded, this shows how BTC is still seen as a risky asset rather than as “digital gold.”

2. Institutional Accumulation

Inflows into Bitcoin spot ETFs have been substantial—around 1.3 billion USD in just one week—while publicly traded companies like MicroStrategy, GameStop, and the new ProCapBTC (led by Anthony Pompliano) are acquiring BTC in large quantities.

3. Technical Resistances and Supports

Technicians report resistances between 106,000–108,000 USD and supports between 104,000–103,000 USD. A breakout above 106,000 USD could push the price towards 112,000–115,000 USD, while a drop below 104,000 USD could bring it back towards 101,000–103,000 USD.