$BTC 💹 Market & Price Action

Bitcoin is trading above $109,000, continuing a steady climb since mid‑June .

Key technical resistance sits around $114K–115K — a break above this could trigger a 25% rally toward $143K .

Support remains strong at $102K–104K, with short‑term pullbacks likely to bounce from this level .

🏦 Institutional & Policy Momentum

Year‑to‑date, Bitcoin is up about 15%, outperforming the S&P 500, driven by ongoing **ETF inflows (>$11 B in the past 3 months)** .

The GENIUS Act and the U.S. government’s Strategic Bitcoin Reserve boost legitimacy and institutional adoption .

Analysts (Global X ETFs) now forecast Bitcoin potentially reaching $200K within 12 months, as it increasingly resembles “digital gold” .

🐋 On‑Chain Activity

Crypto “whales” moved over $2B in BTC from 14‑year dormant wallets—likely for stacking, not selling—signalling renewed accumulation by long-term holders .

🔭 Outlook & Short‑Term Catalysts

A breakout above $114K–115K—especially with rate cut expectations and a friendlier U.S. regulatory environment—could fast‑track a rally to **$140K+** .

Pullbacks should find support around $102K, offering potential buying opportunities.