Bitcoin at $106K – Examining 4 catalysts driving BTC’s steady rise

Bitcoin’s bounce from $100K is supported by miner conviction, whale activity, and technical momentum.

Bitcoin’s rebound from $100K aligned with rising RSI and strong Fibonacci support, suggesting deeper conviction in the bounce.

Open Interest surge and neutral funding suggest traders are positioning for a major breakout.

Since mid-June, Bitcoin [BTC] has demonstrated remarkable resilience, reclaiming support above $100K with conviction.

In parallel, over $240 million in BTC left exchanges. A signal for aggressive accumulation, not fear.

Naturally, the most striking shift came from miners.