$BTC Bitcoin (BTC) is currently trading around $102,870, showing slight intraday weakness after reaching highs near $104,000. The market remains in a consolidation phase following recent highs above $112,000. Strong demand from U.S. spot Bitcoin ETFs, especially BlackRock’s IBIT, continues to support price levels. However, short-term volatility persists due to macroeconomic uncertainties and potential regulatory news. Key support lies around the $100,000 level, with resistance near $105,000. If support fails, BTC may drop toward $98,000, but overall sentiment remains bullish. Analysts expect BTC to remain range-bound between $100K and $110K unless a major catalyst emerges. Momentum indicators suggest cooling, but institutional buying is keeping long-term outlook positive. Traders should watch volume and ETF inflows for signs of the next move.
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