#Write2Earn
# BTC/USDT Analysis (3-Month Daily Timeframe)
## Price Action Summary
Bitcoin has shown remarkable strength over the past 3 months, climbing from approximately $77,000 in early April to current levels around $107,700 - representing a 40% increase. The journey hasn't been linear, with several key phases:
* **April**: Started around $77K, rallied strongly to $93K (+20%)
* **May**: Continued upward momentum from $94K to $109K (+16%)
* **June**: Experienced volatility between $101K-$108K, consolidating gains
## Key Market Drivers
### Institutional Adoption
Recent news shows continued institutional interest with companies like **Metaplanet** accumulating 13,350 BTC, becoming the fifth-largest publicly traded Bitcoin treasury. Additionally, Coinsilium's purchase of 15.4147 BTC reflects ongoing corporate adoption.
### Technical Strength
Bitcoin has demonstrated impressive relative strength against gold, with the BTC/Gold ratio increasing by 10% in the past week to reach 33.33 - its highest level in two months. According to analyst Omkar Godbole, Bitcoin has broken out of a bear flag pattern, suggesting potential for further upside.
### Market Structure
The price has formed a strong support base above $100K after the significant April-May rally. Despite some large holders like AguilaTrades closing positions (500 BTC), overall market structure remains bullish with higher lows being established.
## Outlook
With Bitcoin trading near $107,700, the market appears to be approaching a key decision point. The recent consolidation after the strong rally indicates a healthy market digesting gains. Continued institutional adoption and the strong performance relative to gold suggest the path of least resistance remains to the upside, though short-term volatility should be expected as large holders continue to take profits.
The information above is searched and summarized by AI, and does not constitute investment advice.
