🔥 $BTC remains steady at $118K while institutional inflows continue
📊 Current price and clear technical structure
Bitcoin is trading at ~$118,145, remaining within the $118K range after a slight correction from $120K. Technical: consolidation within a bullish wedge on a weekly scale, with action around the mean and a slight sign of strength.
⚙️ Key factors
ETFs received inflows of $47M today, adding +$55B in 29 of the last 33 days, with BlackRock leading ($34.47M).
In contrast, Ether ETFs attracted $219M, highlighting the strong appetite for ETH this week.
Whale activity decreased, while institutional demand keeps the price firm at support.
🔧 Technical level of the day
Support: $117,000–$118,000 (base of wedge and intraday lows)
Resistance: $120,250–$120,300 (intraday high)
Critical zone: staying above $118K provides room to regain momentum towards $122K–$123K
🌐 Institutional outlook / macro view
Continuous ETF inflows and growing institutional interest maintain the bullish bias. Although buyers are focusing more on ETH, BTC remains the anchor of the crypto market. A White House report supports regulatory clarity without detailing BTC reserves, which adds legitimacy for future flows.
Do you think BTC will break the range and rise to $123K this week, or will we see prolonged consolidation? Share your perspective 👇
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