- Bitcoin price is hovering around $104.5K, trading in a narrow range below $108K resistance after weeks of macro-driven volatility.
- Reduced intraday swings, easing miner selling, and tightening Bollinger Bands and ATR suggest the market is coiling for a potential move.
- A break above $107,500–$108,000 could push BTC toward $110K–$112,000, supported by ETF inflows, institutional interest, and higher lows above $104K.
- Failing to hold $104,000–$104,500 may trigger a drop to $102K–$100.5K, with soft ETF demand or renewed miner selling adding pressure.
- Overall, the BTC outlook remains neutral-to-bullish, with compression under resistance pointing to a possible breakout attempt in the near term.
The Bitcoin price is hovering around $104.5K, tightening into a narrow range below $108K resistance.
After weeks of back-and-forth movement driven by macro factors, BTC looks more stable, and traders are debating whether that stability could precede a breakout attempt.
Table of Contents
Bitcoin price information for today
At present, Bitcoin (BTC) is sitting around $105,200 and holding its ground after a stretch of macro-related volatility. It’s been moving within a $104,500 to $107,200 range, with less day-to-day volatility — basically, the market’s in a bit of a stalemate.
ETF inflows and outflows remain mixed but are starting to level out, improving liquidity compared to the week before. On-chain numbers are mildly encouraging too — miners are easing up on selling, and exchange outflows have risen slightly, which could mean long-term holders are getting more confident.
From a chart perspective, Bitcoin is sitting just under short-term resistance, with tightening Bollinger Bands and ATR hinting that a bigger move could be right around the corner.
ETF inflows could boost Bitcoin price
Breaking through the $107,500–$108,000 range could be the trigger for Bitcoin to stretch toward $110,000–$112,000. The rally would likely be backed by firmer ETF inflows, more stable macro signals, or new institutional participation.
At the same time, Bitcoin’s trend of forming higher lows above $104,000 adds strength to the technical picture, suggesting the market’s quietly preparing for another push higher. All signs point toward a bullish Bitcoin price prediction, as long as buying interest stays steady and volatility remains subdued.
Downside risks to BTC
Of course, there are still a few risks that could trip things up. If Bitcoin fails to defend the $104,000–$104,500 range, it might slide lower, testing $102,000 or $100,500 next. Softer ETF demand or renewed miner selling could make that move more likely, putting pressure on short-term bullish breakout attempts.
And while Bitcoin’s dominance has been rising, that could actually cap excitement elsewhere in the market — BTC may stay strong, but a lack of altcoin participation could limit the size and speed of any follow-through rally.
Bitcoin price prediction based on current levels
According to the BTC forecast, Bitcoin is stuck in a range between $104,000 and $108,000. A push above $108K resistance could unlock upside targets at $110K–$112K, while losing $104K might trigger a slide toward $102K–$100.5K.
At the moment, the BTC outlook stays neutral-to-bullish. Volatility’s been shrinking near resistance, hinting that a larger move could be just around the corner. The deciding factor will likely be how ETF flows and the macro backdrop play out in the short term.
For now, Bitcoin’s sitting at a crossroads. This ongoing consolidation below $108K resistance could easily turn into a breakout toward new short-term highs — or slip into another pullback if key supports break. Either way, traders are keeping a close eye on how this compression phase resolves in the coming days.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.