$107K Support
Bitcoin is currently trading at $107,291.23, reflecting a decline of 1.14% as it tests the lower Bollinger Band support level. This movement occurs alongside mixed signals in the market. Institutional inflows from BlackRock are providing some underlying strength to Bitcoin’s price. Despite the recent downturn, these inflows suggest a level of confidence from institutional investors. The pressure from the lower Bollinger Band indicates potential volatility ahead, as market participants assess the implications of current price movements. Analysts are closely monitoring these developments to gauge Bitcoin’s next steps.
