The price of Bitcoin is currently trading around $103,278, slightly down from its highest level today at $106,451. Bitcoin has experienced sharp fluctuations during today's session, rising to surpass $106,000 before quickly dropping, resulting in the liquidation of long bets worth about $450 million.

This represents a state of "stagnation" or balance between long-term optimism and short-term tension, amid investor hesitation. Additionally, many analysts expect the market to continue within the range of $103,000 to $108,000, with the possibility of a bullish breakout towards new levels if resistance at $108,000 is surpassed.

On the other hand, institutional investments are increasing through instruments like ETF funds and corporate bonds such as MicroStrategy, which boosts demand for Bitcoin.

In summary, Bitcoin is experiencing strong short-term volatility, while the overall outlook remains positive, supported by institutional interest and geopolitical events.$BTC