Bitcoin is stuck just below its all-time high of $112,000. While some think a price drop is coming, others see signs of strength.
Institutional Investors Are Stepping Up
A key clue is the difference in Bitcoin’s price between Coinbase Pro (mostly used by big investors) and Binance (a more general exchange). This difference, or “premium,” has gotten much bigger lately, showing strong buying from US institutions. This buying isn’t always obvious in ETF (exchange-traded fund) flows, which are open to everyone. The combination suggests serious institutional interest in Bitcoin. If this continues, Bitcoin could finally break through its current price ceiling. But if it doesn’t, we might see a price drop.
Bitcoin Holds Steady Despite Economic Uncertainty
Bitcoin’s price has been bouncing around lately, but it’s staying above $105,000. This is happening even with a lot of economic and political changes. New laws in the US, like tax cuts, could boost the market in the short term, but also increase inflation concerns. Again, institutional buying is a major factor in keeping Bitcoin’s price up. The Coinbase premium reached a record high, showing that large investors are steadily accumulating Bitcoin. ETF inflows have also been significant, adding to the positive picture.
What the Charts Are Saying
The Bitcoin price chart shows a period of consolidation just below $109,300. Buyers have successfully defended the $106,000 support level, suggesting strength. The price is also above a key support level around $103,600. Trading volume is relatively low, which often means a big price move is coming soon. If Bitcoin breaks above $109,300, it could retest its all-time high. If it falls below the key support levels, it could drop towards $103,600.
