In recent days, Bitcoin has fluctuated between $105,000 and $106,000, reflecting accumulation after successive breakthroughs towards $108,000. This stability is supported by a renewed optimism among investors, driven by a decrease in geopolitical tensions in the Middle East and the expectation of a possible rate cut by the Fed. However, the Fed remains cautious, with a hawkish pause, which hinders bolder movements in the crypto markets.
Technically, Bitcoin remains locked in a narrow range, stuck between resistances at ~ $105,600 and supports at ~ $103,400. However, buying pressure is palpable, with significant flows towards US Bitcoin ETFs (~ $2.4 billion in one week). According to some forecasts, a rebound towards $108,000 seems possible, or even a return towards $120,000 by July, if confidence is confirmed.
