$BTC #USGovShutdownEnd? #StrategyBTCPurchase #CryptoScamSurge Bitcoin is currently trading around $106,127 USD.

It recently dipped below $100,000 but bounced back, indicating strong buying interest around that zone.

📊 Technical & Market Analysis

Support and resistance

A major short-term support zone sits around $100,000. BTC retested near ~$98,944 before rebounding.

Next key resistance is roughly around the 200-day EMA near $110,000.

Market structure & sentiment

The technical structure shows signs of a bearish shift, with lower highs and risk of deeper correction.

However, sentiment is also showing resilience: the bounce from the $99K zone suggests bulls remain present.

Institutional and macro-drivers are influencing the broader move: regulatory signals, U.S. political stability, and institutional treasury behavior all matter.

🧭 What’s Driving the Move

The recent retest of ~$99,000 acted as a psychological and technical reset. A rebound shows support and renewed interest.

Broad crypto and risk-asset sentiment improved recently as U.S. political risk eased somewhat, helping BTC rally modestly.

On the flip side, some large entities (crypto treasury companies) are shifting into more speculative tokens rather than BTC, which may reduce incremental demand for Bitcoin.

🎯 Short-Term & Medium-Term Outlook

Near term (weeks): As long as Bitcoin holds above ~$100K support, a recovery toward ~$110K-$115K is plausible. Loss of support could open a slide toward ~$94K or lower.

Medium term (through year-end): Some bullish forecasts suggest BTC may reach $120,000-$150,000 if momentum returns.

But there’s a caveat: many forecast models say this rally may be more muted than past cycles (less upside, more consolidation).

⚠️ Key Risks to Watch

A breakdown below ~$100K support could trigger a deeper correction toward $90K or even lower.

If traditional markets (stocks) correct sharply, BTC may follow given increasing correlation to risk assets.