BTCUSD
Bitcoin is trading below the $111,150 resistance level, and this area is likely to limit the pace of the upward movement during today’s trading.
Support |
106200 | 101800 | 96500 |
Resistance | 111150 | 112500 |
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Bitcoin’s performance today was strong, supported by substantial liquidity and a technical breakout. Liquidity rose significantly, with trading volume hitting record levels over $40 billion traded within 24 hours around the $110,000 mark. Meanwhile, Bitcoin ETF inflows climbed to approximately $320 million in the week ending June 7.
On the external front, this rally coincided with a wave of optimism in global markets, fueled by US China trade talks and increased risk appetite. Bitcoin jumped by approximately 3.8–4% to around $109,400, which in turn lifted broader market indices such as the Nasdaq.
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