$BTC Here is a comprehensive update on Bitcoin now:

Bitcoin is currently trading at ≈ $106,014

🔍 Technical analysis and recent news

The currency has seen an increase of more than +1% over the past few days, within a range of $104–110k, driven by strong demand from institutional investment funds and geopolitical developments.

The key current resistance levels are at $105,500 (near resistance) and $106,150 at the Fibonacci level; breaking through these could push the price towards $108–110 thousand.

On the downside, immediate support is around $104,200–103,500, and if the price of Bitcoin drops below this range, $102,000–100,000 is considered an important psychological line.

🗺️ Technical outlook

The immediate movement is within a slightly upward sloping range, but strong resistance may delay further gains until it breaks and stabilizes above $106,150.

At the same time, corrective liquidity continues to be supported by support levels between $104–103k, leading its movements towards a sideways trading pattern with potential for a medium-term upward trend.

✅ Quick summary

Short-term: Sideways movements between $104–106k, with the possibility of breaking resistance to rise towards $108–110k.

Medium-term: Current support is good, and Bitcoin may see a rally towards $108k or even $110–120k, especially with institutional momentum.

Long-term: Potential to reach $120–200k if institutional participation and positive regulatory developments continue.