$BTC

Here’s the latest on Bitcoin (BTC):

💰 Current Price Snapshot

Trading at approximately $103,886, down about $ 2,010 (–1.9%) from the previous day’s close. Intraday range spans roughly $102.6 k to $106.1 k.

📉 Market Context

Bitcoin dipped just below $104 k today, weighed down by geopolitical unease in the Middle East and macroeconomic uncertainty. Total crypto market cap fell by ~1.1% while 24-hour trading volume surged over 40%, hinting at volatile conditions.

A “bullish divergence” is forming on the 4-hour RSI chart—an early signal that selling momentum may be easing. This pattern was seen before BTC’s May 22 all-time high near $111.9 k.

📅 Key Drivers

Large options expiries (“triple witching”) are today, which historically can tame or spike volatility. BTC is hovering around its 21‑day moving average (~$105.8 k).

Macro factors: The U.S. Fed held interest rates steady but signaled maybe fewer cuts than anticipated—less fluid for higher-risk assets like crypto.

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🧭 Outlook

In the short term, expect continued choppiness as traders adjust their positions—but keep an eye on the bullish RSI divergence. If the signal plays out, BTC could stage another rally toward its recent peak (~$111–112 k).

On the flip side, a break below today’s low (~$102.3 k) could trigger a deeper dip, given the current risk-off sentiment.