Bitcoin (BTC) continues to demonstrate resilience, trading solidly above the $108,000 price point as institutional flows and persistent bullish momentum provide robust support. The cryptocurrency has staged a significant recovery, rebounding approximately 20% from its recent low near $90,858, signaling strong underlying demand.
The $108,836 level is currently viewed by market technicians as a crucial support zone. Additional mid-tier support lies at $99,658, offering a further buffer against significant downward moves. Analysts note that exchange outflows and a growing trend of long-term holder accumulation suggest a tightening supply dynamic, a development that has historically amplified bullish price movements.
Market participants are cautiously optimistic about a potential breakout above the psychologically pivotal $110,000 resistance mark. However, breaching this level is expected to trigger heightened volatility and profit-taking activity as traders react to the new price thresholds.
In a broader market development, industry figures point to increased institutional scrutiny towards Ethereum (ETH). Its established network stability and relative reliability are highlighted as key factors drawing institutional capital into the second-largest cryptocurrency, reflecting a maturing asset class.