Bitcoin (BTC) Analysis

Current Price: ~$107,300 (down ~1.2% from yesterday)

Technical Outlook:

BTC is holding above key support at $104k–106k.

Resistance zone is around $110k — a confirmed breakout here could target $114k–125k.

Short-term momentum remains bullish, supported by EMA indicators and low exchange supply.

Market Sentiment:

Polymarket predicts 85% probability that BTC hits a new all-time high before October.

Analysts and fund managers (e.g., Philipp Laffont) project $250k BTC in long-term scenarios due to growing institutional adoption and supply scarcity.

Risk Level: Moderate — strong support zones below, but volatility expected near $110k.

✅ If BTC breaks above $110k, expect continuation toward $120k+.

⚠️ If it drops below $104k, expect short-term correction.