Alpha_Trader

Bitcoin is at a critical moment: currently hovering around $116,400, down from recent intraday highs near $120,400, as traders await the U.S. CPI report . Institutional demand remains robust, with spot‐ETF inflows totaling billions, underpinned by landmark regulatory momentum like the GENIUS and CLARITY Acts and the new strategic Bitcoin reserve executive order . Technically, resistance lies at ~$123K and support at ~$115K–112K; indicators show some short‐term bearish signals (bearish MACD, rising volatility), suggesting likely consolidation before another leg up . Consensus models forecast