๐Ÿš€ Bitcoin Price Analysis: Bulls Eye $107K Amid Epic Comeback! ๐Ÿ“ˆ๐Ÿ”ฅ

๐Ÿ”น Bitcoin's V-Shaped Recovery

โœ… BTC has surged to $103K, bouncing back from a low of $97,750.

โœ… Key support at $98,611 (50% Fibonacci level) fueled the recovery.

โœ… Currently trading above the 200, 100, 50, and 20 EMA lines.

๐Ÿ”น Can Bitcoin Hit $107K?

๐Ÿ“Š Immediate resistance at $103,393 (78.6% Fibonacci level).

๐Ÿ“Š Bullish momentum could push BTC toward $107,123.

๐Ÿ“Š RSI signals increasing demand, strengthening the uptrend.

๐Ÿ”น Institutional ETF Flows

๐Ÿ“‰ Spot Bitcoin ETFs saw $457.48M in net outflows.

๐Ÿ’ฐ BlackRock was the only buyer with $63.94M inflows.

๐Ÿ“‰ Fidelity & Grayscale led the sell-off, with $268.59M and $108.47M in outflows, respectively.

๐Ÿ”น Bitcoin Derivatives Market

๐Ÿ“ˆ Open interest has climbed back to $66B.

๐Ÿ“ˆ The long-to-short ratio has increased to 0.9681, signaling bullish sentiment.

๐Ÿ“ˆ Funding rates rebounded to 0.0085%, suggesting strong momentum.

๐Ÿ”น Key BTC Price Levels to Watch

๐Ÿ“Œ Bullish Targets: ๐Ÿš€ $103,393 โ†’ $107,123

๐Ÿ“Œ Support Levels: ๐Ÿ›‘ $100,000 โ†’ $98,611

๐Ÿ“ข Disclaimer: This is not financial advice. Always do your research before investing.

$BTC