$BTC
alert โ ๏ธ๐จ
Hereโs the latest on Bitcoin (BTC) as of June 16, 2025:
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๐ Quick Snapshot
Price: ~$107,028 (up ~1.66% today)
Intraday Range: ~$104,600 โ $107,120
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๐ Market Moves
Bitcoin surged to above $106K following a pullback from the IsraelโIran conflict, showing resilience amid global tensions .
Expert onโchain indicators remain bullish โ no peak signs yet. Analysts suggest potential upside to $135Kโ$230K this cycle .
Technical recovery from the $104Kโ$105K demand zone points to optimism around $108K in the short term .
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๐ Why This Matters
Institutional buyers (like MicroStrategy and Metaplanet) keep accumulating, boosting confidence .
With weak U.S. dollar and geopolitical unrest, Bitcoin is functioning as a hedge alongside gold and equities .
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๐งญ Looking Ahead
Support: $104Kโ$105K zone is key; holding here maintains bullish momentum
Resistance: Eyes on $108Kโ$110K; a close above may pave the way to $120K+ short-term gains
Macro factors to watch: Central bank decisions, global conflicts, and institutional adoption trends
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