🚀 Today's Performance and Context

The Current Price is around $107,070, fluctuating between $106,934 and $108,146.

Many analysts highlight that BTC briefly surpassed $108,000, reinforcing investor optimism.

The movement was supported by a combination of milder geopolitical tension and growing institutional interest.

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Main Catalysts

1. Geopolitical Relief

The de-escalation of conflicts in the Middle East has fostered a more favorable environment for risk assets like Bitcoin.

2. Approval of Stable Regulations

The recent progress in the US Congress regarding stablecoins has brought more confidence to the crypto market.

3. Great Technical Indicators

The 50-day moving average has been reclaimed (~$106,000), indicating a resumption of momentum.

The chart formed a “cup and handle” pattern — typically a signal for a breakout upward, with a potential target of $169,000.

4. On-chain Indicators and Capital Flow

MVRV indicates that there is still room for additional gains.

Transfer volume has decreased by about 32%, and there has not yet been a speculative explosion — a calm before a possible new wave.

📊 Technical Summary

Support ~$106,000–107,000 (intraday high, moving averages)

Resistance Range of $108,000–110,000 (needs to turn into support)

RSI (1D) Approaching overbought territory (~68)

MACD (1D) Positive divergence, trend still bullish

🎯 Potential Scenarios

Optimistic Scenario:

Breakout above $110,000, with the next target between $112,000 and $117,500.

Correction Scenario:

Technical legend indicates a potential pullback to $105,000 if there isn't firm support.

But the main technical support is between $106,000–108,000.

📌 Final Summary

Today, Bitcoin remains strong, supported by political advances, institutional adoption, and positive technical alignment. A close and support above $108,000 has been the decisive trigger for reaching new highs for 2025.