📊 Price & Volume
Current price: ~$106,721 USD
24‑hour range: $106,515 – $107,884
Change: −$597 (−0.56%)
📈 Technical Summary
Short-term trend: Bitcoin has pulled back roughly 5% from its May all-time high (~$112K), now consolidating in a descending channel .
Key support levels: $100K is critical; failure below this could open the door to a drop toward $92K .
Immediate resistance: ~$107K–$108K marks the top of this channel—breaking above here may target $112K .
Forecast view: Some analysts expect a test of the $103K area before potentially rallying toward $115K+ .
🔁 Market Drivers
1. Profit-taking post-May peak is creating pressure, though inflows into ETFs and a weakening USD could support a rebound .
2. Options expiries (~$40 billion set for June 27) may trigger short-term volatility .
3. Geopolitical factors: Recent global events impacted crypto markets, with dips below $99K amid uncertainty .
🕒 What to Watch
Will BTC hold the $100K support zone?
Watch for a breakout above $107K–$108K—a key threshold for resuming the rally.
ETF inflows and USD movements could provide catalysts; options expiry may produce near-term swings.
✅ Bottom Line
Bitcoin is trending lower today but remains above major support. If it breaks past the resistance trendline (~$108K), we could see another push toward $112K. A drop below $100K would signal deeper consolidation or correction.
#NODEBinanceTGE #USCorePCEMay #BinanceAlphaAlert #BTC110KToday? #BinanceTGEXNY