$BTC

🇺🇸 What payments are behind this increase?

Major inflows from ETF funds: Institutional inflows into Bitcoin exchange-traded funds boosted the rise, putting Bitcoin above the 106K level and continuing to support the support area above 105K.

Low supply on exchanges: The shrinking balance of Bitcoin on exchanges reduces selling pressure and supports the price.

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🔍 Quick Technical Analysis

Key resistance zone between $108,000 and $110,000: Bitcoin needs to break through this area with high trading volume to confirm the continuation of momentum.

Strong supports at 106K and 104.5K: The price is holding above 106K, and if it falls below, it may head towards $104,500 as subsequent supports.

Various technical angles: Indicators such as RSI and MACD indicate a neutral to moderately positive state, but the "triangle" pattern and the decrease in volatility suggest a potential surge soon.