$BTC Bitcoin Holds Above $107K Amid Institutional Surge and Technical Crossroads

Bitcoin (BTC) is trading at $107,223.80, up 1.75% today . It faces resistance near $106,300–$107,000, with support at $104,200–$103,150. A break above $106,300 could target $108,150, while failure to hold $104,200 risks a drop to $101,200 .

Driving Forces

1. **Institutional Demand**: 61 public companies now hold Bitcoin in treasury strategies, doubling holdings in two months to nearly 100,000 BTC. MicroStrategy alone added 10,100 BTC last week .

2. **Policy Tailwinds**: Trump’s pro-crypto policies (e.g., establishing a strategic Bitcoin reserve) boosted market sentiment .

3. **Safe-Haven Flows**: BTC increasingly mirrors gold’s bullish trajectory amid stock market volatility, with a 30-day correlation coefficient of 0.78 .

**Risks & Watchouts**

- **Volatility Alert**: Standard Chartered warns that a dip below **$90,000** could sink 50% of corporate BTC treasuries .

- **Technical Indecision**: Bollinger Band contraction signals an impending breakout, but Stochastic RSI (85–86) hints at overbought conditions .

**Near-Term Outlook**

BTC’s direction hinges on reclaiming $106,300. Sustained institutional accumulation (e.g., new Bitcoin/ETH ETF filings) and gold’s momentum could propel a rally toward **$130,000** .