🔍 Why Bitcoin at $108K Is the Most Important News Today

1. Bitcoin Dominates the Market

Bitcoin (BTC) accounts for the largest portion of the crypto market capitalization—over 50% of the entire market value. This means when Bitcoin moves, it often pulls the rest of the market with it—up or down.

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2. Current Price Zone is Technically Critical

Price Level: ~$107,168

Resistance Zone: $108,000–$109,000

Trend Structure: Ascending channel (bullish bias)

Support Level: ~$106,000

Bitcoin is now approaching a major resistance zone. This zone has been tested several times but not convincingly broken. If BTC breaks above this range and holds, it could:

✅ Trigger a new bullish wave toward $110K–$115K

❌ Or, if it gets rejected, initiate a pullback toward $104K–$106K

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3. Volume & Volatility Factors

Trading volume is still strong (~$44 billion in 24h)

Price is consolidating in a tight range—typically a sign of pre-breakout tension

This situation resembles a spring being compressed: the longer BTC trades sideways under resistance, the stronger the move could be when it breaks—either up or down.

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4. Institutional & ETF Flow Impact

Bitcoin ETFs (like BlackRock’s and Fidelity’s) continue to receive inflows, which is providing real-world demand pressure on the price. Institutional investors typically react to technical breakout zones like this, making the $108K level even more important.

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5. Market Sentiment & Next Move

Sentiment is neutral to slightly bullish, meaning traders are waiting for confirmation of the next trend.

If BTC breaks $108K with volume, it could lead the entire crypto market higher—Ethereum, Solana, XRP, and others could follow.

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