$BTC
$BTC (BTC) — Latest Analysis
Current state
Bitcoin is trading around ~$106,000 USD.
The market shows a mix of caution and opportunity: On one hand, recent supports held; on the other, momentum is not clearly bullish yet.
Key observations
Support: BTC recently dipped back to about $99,000 over the weekend and rebounded. That $99K zone appears to be an important floor for now.
Resistance: The ~$115,000-$118,000 zone remains a tough barrier. Failure to break above this region keeps the uptrend vulnerable.
Technical indicators: According to one source, daily technicals are showing a “Sell” signal despite RSI being elevated.
Broader cycle: Some analysts at BitMEX suggest the usual 4-year cycle may be under stress this time around, calling into question traditional cycle timing.
What this could mean
If BTC holds above the ~$99K support and reclaims ~$115K-$118K resistance, it may have a chance to challenge higher targets (in the ~$120K+ region).
Conversely, failure to hold above ~$99K could open the door to a deeper pullback, possibly towards ~$90K-$95K depending on market sentiment and macro triggers.
Macro and institutional flows matter: ETF flows, policy decisions, and large-scale investor behaviour are influencing BTC’s path.
Bottom line
Bitcoin is at a critical juncture: Support is holding for now, but the upside remains capped unless it can break through key resistance zones with conviction. The environment is neither clearly strongly bullish nor deeply bearish — more of a “watch closely” posture
#USGovShutdownEnd? #US-EUTradeAgreement #PowellWatch #ProjectCrypto #TrumpTariffs