Bitcoin's current price is around $106,187, with a 4.51% increase, driven by improving macro liquidity, institutional accumulation signals, and technical rebound dynamics. However, analysts warn of potential volatility, with some predicting a possible drop to $94,200 or even $70,000 if it breaks below key support levels. ¹ ² ³

*Key Support and Resistance Levels:*

- _Support:_ $93,000, $100,000

- _Resistance:_ $106,000, $110,000

*Market Sentiment:*

- Long-term holders are selling, triggering a market imbalance

- Institutional investors are accumulating Bitcoin, signaling underlying demand

- The global crypto market cap is around $2.03 trillion

*Technical Analysis:*

- RSI is neutral at 37.62, indicating potential weakness

- MACD shows bearish momentum, but a bullish crossover is possible if Bitcoin holds above $97,000 ⁴ ⁵

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