$BTC

Bitcoin is trading around $107,000, up 1.5% in the last 24 hours, approaching its all-time high of $112,000. This recent rise is attributed to declining inflation, optimism about interest rate cuts by the Federal Reserve, and strong institutional interest. Technical analysis shows bullish momentum, with a major resistance level at $112,000 and a support level at around $100,000. Experts like Cathie Wood and Tom Lee expect prices to range between $150,000 and $3 million in the long term. However, geopolitical tensions, especially in the Middle East, may lead to volatility. Overall, Bitcoin remains in a strong upward trend.