#BTC110KToday? $BTC
$BTC #BinanceAlphaAlert $๐ Crypto Comeback? Bitcoin & Ethereum Show Renewed Strength Amid Global Shifts
As June comes to a close, the crypto market is reigniting with bullish energy. Both Bitcoin (BTC) and Ethereum (ETH) have recently surged, reflecting shifting investor sentiment, strategic accumulation, and macroeconomic influences.
๐ Bitcoin (BTC): Breaking Barriers or Building a Bull Trap?
BTC is trading around $107,000, showing a sharp recovery from recent dips. After briefly falling below $99K, Bitcoin has regained momentum โ driven by miner accumulation, ETF inflows, and geopolitical narratives that favor digital store-of-value assets.
Key Insights:
Miner Supply Drying Up: Legacy โSatoshi-eraโ miners have reduced selling to historic lows. This miner discipline reduces downward pressure on price.
Institutional Demand Rises: With ETFs like BlackRock and MicroStrategyโs ongoing BTC stockpiling, Wall Street continues to indirectly buy the dip.
Macro Tailwinds: A weakening U.S. dollar (posting its worst H1 performance in history) is pushing investors toward BTC as a hedge asset.
Technical Picture:
Resistance: $108Kโ110K โ a breakout here could lead BTC toward $125K+.
Support: $99Kโ104K โ losing this range could spark a dip to $94K levels.
๐ง Pro Tip: Watch for volume confirmation if BTC breaks above $110K. A weak breakout may signal short-term exhaustion.
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