$BTC

Bitcoin is currently trading around $106,000 - $108,000, with a slight increase following the weekend decline. Its price is still influenced by global events, particularly the geopolitical tension between Israel and Iran, which keeps investors on alert. While some see Bitcoin as "digital gold" in times of crisis, its volatility remains a fact.

The market experienced liquidations of $214 million, primarily of short positions. Nevertheless, institutional interest is growing; spot Bitcoin ETFs are performing exceptionally well, and J.P. Morgan will even accept Bitcoin ETFs as collateral. Singaporean trader Davis Commodities plans to allocate $12 million into Bitcoin.

The current Fear & Greed Index is neutral (51). Bitcoin is trying to break resistance around $107,000, with key support levels around $102,000–$104,000. If it holds above these levels, further growth is possible. Predictions for 2025 are optimistic, with targets ranging from $130,000 - $150,000. Overall, market sentiment is cautiously optimistic.