🔍 Latest on Bitcoin (BTC)
Bitcoin is trading around USD ~104,700 at the moment. $BTC
It has recently broken below a key support zone near USD 106,000, which is raising caution among analysts.
Weekly performance shows a decline of over 7% in some cases, reflecting mounting selling pressure.
📉 What’s Behind the Pullback
ETF outflows and whale-driven volatility are cited as key contributors to the dip in Bitcoin’s price.
Macro factors such as tightening liquidity and risk-off sentiment in global markets are weighing on crypto more broadly.
Despite the short-term weakness, long-term fundamentals—scarcity (max supply ~21 M BTC) and institutional interest—remain intact.
🧭 Key Technical Levels to Watch
Support: Around USD 100,000-101,000 is now being watched closely. A break below could open levels toward ~USD 94,000 or even ~USD 85,000.
Resistance: The prior support around USD 106,000 has flipped into resistance. Recovery above this level would improve sentiment.
🤔 Outlook
Short-term risk: The break of support suggests potential for deeper corrections if sentiment remains weak.
Medium-term possibility: If the market absorbs recent outflows and macro conditions improve (e.g., liquidity easing), Bitcoin could resume upward momentum. Some bullish models target USD 150k-200k for the year.
Verdict: The path isn’t smooth. Entering now may carry risk, but for investors with a longer horizon and belief in the fundamentals, the current dip may offer an entry point—if they’re comfortable with volatility.
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