Bitcoin's price is showing mixed signals today, trading around $103,800 after briefly rising above $106,000 amid improving market sentiment and easing geopolitical tensions. The rally was short-lived, as a sudden dip triggered over $450 million in liquidations, reflecting the high-risk environment driven by heavy derivatives exposure. Despite the volatility, analysts suggest Bitcoin may be entering a "bear capitulation" phase—a potential bottoming signal—while some predict a breakout towards $145,000 later this year. Institutions like MicroStrategy continue to drive corporate adoption, with over 130 public firms now holding around $87 billion in Bitcoin. As Bitcoin becomes increasingly tied to global financial trends, traders are closely watching support near $103K and resistance at $108K, awaiting clearer direction.