Bitcoin has been facing headwinds as the broader market bogs down to external influences. Talking about numbers, the BTC price today is down 1.17% to $105,650.15. However, what keeps the hodlers charged up is the growing institutional faith. In recent news, BlackRock has purchased 2,454 BTCs, bringing its total holdings to 674,000 BTCs. Amidst the current trend, if you are keen on knowing the Bitcoin Price Prediction for today, then this analysis is for you.
At press time, Bitcoin price is at $105,650.15, marking a 1.17% daily loss, with a 24-hour low of $105,528.73 and a high at $108,915.38. The market cap hovers around $2.1 trillion, while trading volume spiked 24.93% to $53.85 billion, indicating heightened activity as traders respond to volatility.
Technically speaking, BTC is testing a key support level near $105,500. A breakdown below this threshold could trigger mass liquidations, with analysts eyeing sub-$105k zones as potential acceleration points for downside momentum. The RSI is currently at 45.39, reflecting weakening buying pressure. Bollinger Bands show increased volatility, with BTC hovering near the lower band, a sign of downward bias.
Analyst Michael van de Poppe, in a recent post, highlights that the resistance lies at $108,924, which Bitcoin needs to reclaim to regain bullish momentum. Failure to reclaim that level could see BTC revisit deeper liquidity zones, possibly near the $100K psychological level, as per previous patterns. On-chain sentiment reflects a standard pre-FOMC “risk-off” setup, not necessarily geopolitically driven.
Read our Bitcoin (BTC) Price Prediction 2025, 2026-2030 for long-term targets!
Bitcoin is experiencing a typical pre-FOMC correction, with traders opting for risk-off positions. A dip below $105,000 could further intensify the bearish trend.
$105,000 is the crucial support. A breakdown here may activate deeper downside momentum due to increased liquidation pressure.
Yes, institutional buying continues. BlackRock’s recent accumulation of over 2,400 BTCs signals long-term confidence in Bitcoin’s trajectory.
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