WHEN $BTC WILL PUMP LET STUDY
๐๐๐๐๐๐๐๐๐๐๐๐๐
BTC Price Analysis
Bitcoin's current price is $105,626.48, with a 1.25% increase in the last 24 hours. The market cap stands at $2.08 trillion, and the current price is hovering above the 50-day Exponential Moving Average (EMA) at $103,200, indicating strength as a dynamic support level ยน ยฒ.
Market Activity
Market activity is driven by:
- *Institutional Demand*: US spot Bitcoin Exchange Traded Funds (ETFs) have recorded a total inflow of $1.02 billion, continuing their two-week streak of inflows.
- *Corporate Interest*: Companies like Metaplanet and Semler Scientific are increasing their Bitcoin holdings, with Metaplanet holding 10,000 BTC and Semler Scientific aiming for 105,000 BTC by the end of 2027.
- *Geopolitical Tensions*: Bitcoin's price action remained resilient despite escalating tensions in the Middle East, with President Trump's announcement to delay a decision on launching strikes on Iran influencing market sentiment ยฒ ยณ.
Key Levels
- *Support Levels*: $103,200 (50-day EMA), $100,000 (psychological level), and $92,000 (potential support level).
- *Resistance Levels*: $107,624, $110,000 (psychological whole number), and $111,980 (record high).
Outlook
The outlook for Bitcoin is mixed, with potential for both growth and decline. Analysts predict:
- *Bullish Scenario*: Breakout above $107,624 resistance could target $110,000 and $111,980 levels.
- *Bearish Scenario*: Failure to hold above $103,200 support level could lead to a decline toward $100,000 and $92,000 levels.
Trading Strategy
- *Buy*: Consider buying Bitcoin if it breaks above $107,624 or bounces off the $103,200 support level.
- *Sell*: Consider selling if Bitcoin fails to hold above $103,200 or reaches resistance levels.
- *Stop Loss*: Set a stop loss at $100,000 to limit potential losses ยฒ.
