$BTC , the pioneer cryptocurrency, is currently navigating a volatile market. Recent price action shows a recovery after dipping below $104,000, with resistance at $106,750 and $107,500. Analysts project a potential surge towards $110,000 if these levels are breached.

The overall outlook for $BTC remains bullish long-term, driven by increasing institutional adoption (Spot Bitcoin ETFs seeing significant inflows), its role as a hedge against inflation, and the ongoing impact of halving events. However, macroeconomic factors like interest rates, global economic health, and geopolitical tensions continue to influence short-term movements. Expect continued price fluctuations as $BTC consolidates and attempts new highs.