$BTC

Bitcoin ($BTC) is currently trading around 108,200 USD, fluctuating in the sideways range of 104,000 – 110,000 USD.

This is an important accumulation phase as buying pressure from ETF funds and institutional investors remains stable. If BTC breaks through the resistance of 110,000 USD, it is likely to aim for the target range of 114,000 – 125,000 USD in the short term. Conversely, if it loses support at 104,000 USD, the risk of a correction to 100,000 USD is possible.

The cash flow is supporting the upward trend, but the emergence of “sleeping” wallets selling off is also a factor to watch closely. Overall, the current trend leans slightly towards an increase unless there are unexpected fluctuations from the macro market.