BTC Range-Bound, Support at $105K
Obviously, Bitcoin failed to break above 117K and has slipped back below 110K. On the daily chart, the price remains stuck in a sideways range, with key support around the 105K area.
My impression is that we may need one more dip toward the 98–100K zone before making another attempt to push higher. So far, none of the catalysts I mentioned in my previous post have provided enough momentum for a sustained breakout. It’s been more of a “sell the news” environment - the Fed cut rates but maintained a hawkish outlook, earnings were solid but lacked follow-through, and the Trump–Xi meeting didn’t produce any meaningful outcomes, at least none that I’ve seen so far.
In the meantime, Michael Saylor gave an interview reiterating his bullish stance, projecting Bitcoin to reach 150K by year-end. That remains my expectation as well - we’ll see how it plays out.
https://m.youtube.com/watch?v=LWiYDjScyeI