$BTC Bitcoin (BTC) is currently trading around $103,460, reflecting a 2.21% drop today. Despite this dip, BTC remains resilient, having bounced back from a recent low of $102,609. Market sentiment is mixed, influenced by macroeconomic factors like potential U.S. interest rate cuts, global tensions, and the strong U.S. dollar. Technical indicators show solid support around $102K–$104K, while resistance lies near $108K. If BTC breaks that level, it could aim for a new high in the $112K–$137K range. On-chain data suggests reduced liquidation pressure, which supports a potential bullish reversal. However, geopolitical risks, such as Middle East tensions, and upcoming U.S. tariff announcements, could inject volatility. Overall, the outlook is cautiously optimistic. Short-term consolidation might continue, but the mid-term trend points toward higher levels if positive catalysts align. Investors are advised to watch key price levels closely and manage risk as BTC navigates this critical phase.
