Bitcoin (BTC) is trading at approximately $105,343, reflecting a 0.91% increase in the last 24 hours. The flagship cryptocurrency maintains its bullish momentum, supported by macroeconomic optimism and robust institutional interest.
In this article, we will look at BTC Crypto next target by looking at btc levels and news.
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Bitcoin Next Target
- Current Price: $105,343
- 24h Price Change: +0.91%
- 24h Range: $103,939 – $106,097
- Market Cap: ~$2.10 trillion
- 24h Trading Volume: ~$56.7 billion
- Circulating Supply: ~19.88 million BTC
The price has broken out of the descending broadening wedge with strong volume. Currently, it is facing rejection at the horizontal resistance ray level.
A confirmed breakout above this resistance could lead to further upward movement.
📈 Key Technical Indicators
- RSI (Relative Strength Index): ~62 (bullish zone)
- MACD: Positive crossover – bullish signal
- Support Levels: $104,000 and $103,000
- Resistance Levels: $106,900, then $108,000–$110,000
- Trend Outlook: Strong uptrend with bullish continuation potential
📰 Latest Bitcoin News & Developments
- Institutional Bullishness
BTC is up ~3% over 24 hours and ~58% year-on-year. ARK Invest’s Cathie Wood reaffirmed a long-term target of $1.5 million per BTC by 2030, while Fundstrat’s Tom Lee expects $150K in 2025 and multi-million valuations in the long run. - Spot ETF Momentum
Spot Bitcoin ETFs continue to gain traction, with holdings exceeding $132 billion and daily net inflows nearing $386 million. ETF flows are helping support price consolidation and upside movement. - Macro Trends & Technical Setup
Bitcoin remains closely aligned with equity market sentiment. A bullish flag pattern has formed, supported by strong on-chain activity. Breaking above $106.9k could lead to tests of $110k and potentially $112k.
👉 Short-Term Forecast: Bullish momentum toward $108k–$110k
📉 Risk Level: Moderate – subject to macroeconomic data and ETF flows
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