$BTC has reclaimed the $100K level, driven by strong institutional interest, with $BTC ETFs now surpassing gold ETFs in assets under management. However, volatility remains high due to macroeconomic conditions. Recent Fed comments caused temporary dips, showing $BTC sensitivity to inflation and interest rate policies.
On the technical side, a potential bearish engulfing pattern could signal a short-term downtrend if confirmed. Still, bullish sentiment holds, with targets of $165K in play. Upcoming events, like Coinbase delisting wBTC and the EU’s MiCA regulations, may also impact Bitcoin market dynamics.
Investors should stay alert, as Bitcoin path forward will depend on institutional activity, technical signals, and broader economic trends.
