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$BNB Bitcoin is trading just under $119,000 amid modest bearish pressure, sliding roughly 1.3% over the past 24 hours due to institutional sell-off and whale activity pushing the price below $118K. Analysts note BTC remains rangebound between $118K and $119K as investors await clarity on U.S.–EU trade negotiations and the upcoming U.S. Federal Reserve policy decision. Spot Bitcoin ETF inflows continue for the 17th straight day, totaling around $5.2 billion, signaling sustained institutional interest. The entire crypto market cap is down about 5%—a backdrop of muted momentum ahead of key macroeconomic data releases.
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MetricValue / CommentaryPrice Range$118K–119K (on a slight decline)Support Level~$115,000Resistance Level~$120,000Institutional FlowFlat inflows for Invesco ETF; ETH ETF inflows strongMarket SentimentMixed: cautious sideways consolidationMajor DriversETF demand, regulatory clarity, macro news
🔍 Outlook & Considerations
Bullish Scenario: A successful breakout above $120K with renewed demand could open a path toward $130K.
Bearish/Neutral Scenario: Continued flat or declining ETF inflows may result in prolonged consolidation or a gradual decline to and support near $115K.
Ongoing regulatory developments and institutional demand remain central to Bitcoin’s near‑term trajectory.
✅ Bottom Line
Bitcoin is holding a consolidating range just below $119K, with modest volatility and mixed market sentiment. While regulatory progress and ETF interest hint at future upside, a lack of fresh inflows is stalling momentum—making $120,000 a key level to watch for potential breakout or reversal.
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