$BTC **Bitcoin (BTC) – Market Update (Long Version) 📊**
Bitcoin is currently trading around **$90K**, showing **high volatility and consolidation** after failing to hold above previous support levels. The price is moving within a **key range between $85K and $93K**, indicating market indecision.
From a **technical perspective**, BTC faces **strong resistance near $94K–$97K**. A clean breakout above this zone could restart bullish momentum. On the downside, **$85K is a critical support** — losing it may trigger a deeper correction.
**Macro factors** are heavily influencing price action. Expectations around **Federal Reserve rate cuts, ETF inflows/outflows, and liquidity conditions** are driving short-term sentiment. While ETF demand has slowed, **elevated stablecoin reserves on exchanges** suggest there is potential buying power waiting for confirmation.
**Institutional outlook** has turned more cautious. Some banks have revised **2025 targets closer to $100K**, citing slower inflows and market uncertainty. However, this does not invalidate the longer-term bullish structure.
### 🔮 Outlook
* **Short term:** Range-bound, volatile, news-driven
* **Bullish case:** ETF growth, regulatory clarity, renewed liquidity
* **Bearish risk:** Weak demand + macro pressure
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