$BTC
Real-Time Price
Bitcoin is trading at approximately $117,410, with recent lows around $117,000 and intraday highs nearing $120,200.
Relevant News
Bitcoin ETFs saw net inflows of $131M, although this broke a streak of 12 consecutive days of accumulation.
The institutional group continues to drive the market, with weekly volume in ETFs exceeding $2,700M.
SpaceX moved 1,308 BTC (~$153M) from an inactive wallet, raising questions about relocation or strategy.
Additionally, BTC's 200-day moving average has crossed above $100,000, a long-standing technical milestone.
Technical Analysis
Key support: $117,000–$118,000
Immediate resistance: $120,200–$120,300
Technical pattern: consolidation in a narrow range following recent bullish movement, potential wedge or triangle formation on intraday charts. Sustained consolidation above support could pave the way towards $122K–$123K or even a new weekly high.
Institutional Outlook
Flows into ETFs remain robust, reflecting strong institutional appetite for Bitcoin. While there was a one-off outflow yesterday, long-term demand remains solid. The crossing of the 200-day moving average further reinforced the positive technical sentiment.
Do you think $BTC will break towards $123K tonight or first touch support before regaining momentum?
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