Bitcoin is currently trading around $102,627.07, a decline from highs above $106,000, leaving investors speculating on factors to reignite its price.
Market sentiment for Bitcoin shows a mix of institutional accumulation and ETF demand against macro uncertainties and technical resistance.
Potential drivers to boost Bitcoin's price include increased institutional investment, favorable macroeconomic conditions, geopolitical stability, and a technical breakout.
Key factors influencing Bitcoin's price include institutional accumulation, ETF demand, macro and regulatory factors like Federal Reserve policy and inflation data, and geopolitical risks.
Immediate resistance for Bitcoin is at $106,000 with a breakout potentially targeting the all-time high at $111,900 while failure risks a drop to $100,000.
Bitcoin's future trajectory relies on macro liquidity shifts, continued institutional adoption, and factors offsetting retail caution.