Bitcoin is currently trading around $105,800, holding firm within a $100K–$106K range, signaling a consolidative phase after its explosive rally earlier this year. Institutional interest remains strong, with spot Bitcoin ETF inflows exceeding $250 billion and exchange reserves declining indicating accumulation rather than distribution. Technically, while a bullish “golden cross” has formed, BTC sits below its key moving averages, suggesting short-term pressure unless it breaks above $106K convincingly. Macroeconomic cues, especially from the Fed and upcoming U.S. data, will be critical; dovish signals could ignite a breakout toward $110K–$120K. However, a break below $100K could lead to a retest of the $95K–$98K range. Overall, the medium- to long-term outlook remains bullish, with projections of $175K–$230K by year-end driven by strong demand, policy tailwinds, and Bitcoin’s increasing strategic role in global finance.