Bitcoin Holds Above $106K Amid Bullish Momentum
Hello mate's once again after long while. I read pinned post here in community and read it with shade eye's any way😔. I will today share my overview on btc .
Bitcoin (BTC) is still resilient above the 106k mark, supported by the central bank speculation (Fed) and calming the geopolitical tensions. It has rallied 6.7 percent out of weekend lows around the 98,300 mark due to liquidation of shorts to the tune of 359 million and not the opening of any new bullish bets.
Institutional interest remains high, with the Coinbase Premium Index going into an all time high in 2025, meaning high investor demand in the US. Nevertheless, the activity of retail traders on Binance is up to a two-year high, indicating that it is profit-taking and not accumulation. Analysts see the resistance at $108,500, to $113,000 and give support at the level of $103,000.
Ethereum (ETH) holds growth targets of up to $2,500 with inflows in ETFs and XRP aims to surge to the range of up to $8 and 12 after the correction. In the meantime, Metaplanet increased its BTC treasury by another 517M dollars and Green Minerals AS bought its first Bitcoin .
Remain prudent- Bitcoin will experience a 14B options expiry and an increasing put-call ratios which indicates uncertainty in the market.
References: FX Leaders, Business Standard, Economic times