Current price status and technical movements
The current price of BTC is around $108,816, with a daily range between $108,213 (low) and $109,480 (high).
Bitcoin is currently trading around 108k–109k dollars, with a key technical support around 109,000 dollars; breaking this level could lead to a correction towards 105k.
Selling pressure from large investors (whales) and institutions is observed, reducing recovery momentum despite retail buying.
Some analyses suggest a temporary decline to 108k or may extend to 104k–105k in the event of support break.
On the other hand, some optimists point to the possibility of resistance completing between 110k–112k, with a potential correction towards 118k if positive flow continues.
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Fundamental factors and external influences
Economic Policies: Continuing weakness of the US dollar and expectations for interest rate cuts may provide additional support for Bitcoin.
On-chain signals: There are indications suggesting that real losses may have ended and the market is approaching a potential bottom.
Institutional Adoption: Data indicates a surge in institutional interest and positive ETF trends, enhancing the outlook for a potential rise towards levels above 120k if flows continue.
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Potential near and mid-term trend predictions
Trend Potential Scenario
Bearish Breaking support at ~109k may push the price towards 105k–104k before a potential rebound.
Neutral Bias Stability between 108k–112k with sideways fluctuations, while resistance levels are being tested.
Bullish Rebound starting from support with a breakout above 112k and a return of institutional flow to the market.
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Strategic points to follow
Key support: Maintaining the level around ~109,000 dollars.
On-chain indicators: Monitoring "buy the dip" signals or selling pressure from whales.
Dollar and Monetary Policy: Any renewed pressure from the dollar or changes in federal interest could directly reflect on BTC.
ETF liquidity and institutional adoption: the most significant influence in bolstering the upward trend.
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Summary
Bitcoin is currently retreating amid selling pressure and trading within a limited range. Technical support at ~109k is critical; breaking it may lead to further decline towards 105k, while breaking resistance at 112k with renewed liquidity could trigger a new bullish wave, especially with improved economic sentiment and monetary policy variables.
