$BTC Market Snapshot

Price: Around $104,680, holding steady during today’s session.

Range: Intraday high of ~$105,047 and a low near ~$104,005.

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🔍 Key Drivers & Analysis

1. **Fed’s “hawkish pause”**

The U.S. Federal Reserve indicated a temporary pause in rate hikes, maintaining caution on inflation—this has helped Bitcoin sustain its $104K+ level amid market unease .

2. Geopolitical risk boost

Rising tensions in the Middle East have nudged Bitcoin upward, reinforcing its appeal as a hedge and pushing prices above $105K recently .

3. Institutional traction

Spot Bitcoin ETFs continue to attract inflows, alongside on-chain analysis signaling a buildup of liquidity near $106K. Some models predict a breakout above current ranges .

4. Technical consolidation

Analysts suggest that Bitcoin is consolidating between roughly $100K–$112K. Key support rests near $103K–$105K; a sustained hold here could pave the way for a move toward the next resistance zone at $110K–$112K .