🚀 Bitcoin Today: Calm Before Another Push?
Bitcoin ($BTC ) is holding steady around $107,300 today, showing signs of healthy consolidation after an impressive multi-day run.
After tapping above $107,600, BTC faced mild profit-taking — nothing unusual after a strong climb. But here’s the key: it didn’t break down. Instead, BTC bounced off support near $106,500, a level that has now proven its strength twice this week.
🧠 What’s Fueling the Market?
ETF inflows remain strong, and institutions are still buying.
The US dollar index (DXY) continues to weaken — a classic bullish tailwind for crypto.
Regulatory clarity is helping ease investor fears, especially with stablecoin legislation moving forward.
In short, macro and on-chain data both point to one thing: Bitcoin isn’t done yet.
📈 What's Next?
The key level to watch is $108,000. If BTC breaks through with volume, the next targets are $110,000 and $112,500. On the flip side, if price slips below $106,000, we may revisit the $104,800 area before any further push.
💬 Final Thought
We’re seeing strong hands holding BTC, with clear signs of accumulation. The market feels like it's breathing before the next sprint. Don’t get caught sleeping.
📌 Next move? Probably up — but confirmation is everything.