Bitcoin (BTC) Price Shatters Records: Bitcoin’s Path Through $107,000 #CriptoNews

TLDR

• Bitcoin hit fresh all-time highs of $107,777, marking a key milestone for the cryptocurrency
• Over $636 million flowed into Bitcoin ETFs on December 16, led by BlackRock’s fund
• Trading veteran Peter Brandt forecasts $125,000 as next target level
• Market data shows major decline in OTC desk holdings, dropping 40,000 BTC since November
• Trump’s pro-crypto stance coincides with increased institutional buying activity

Bitcoin has achieved another milestone in its trading history, breaking through $107,000 to establish new all-time highs at $107,777. The move comes as market data reveals a compelling shift in buying patterns from institutional players and large-scale investors.

Market watchers have noted the steady flow of capital into Bitcoin investment products, with US Spot Bitcoin ETFs recording impressive daily inflows. Data compiled by Farside Investors shows December 16 brought $636.9 million in fresh capital, with BlackRock’s IBIT emerging as the primary beneficiary of this investment wave.

The over-the-counter (OTC) market, traditionally a key indicator of institutional activity, has seen notable changes in recent weeks. Reports indicate OTC desk holdings have decreased by 40,000 BTC since November 20, representing one of the largest drawdowns in available supply this year.

Trading expert Peter Brandt has weighed in on the market’s direction, identifying $125,000 as a potential target for Bitcoin‘s next move. Brandt’s analysis draws from technical patterns that suggest continued upward momentum in the current market structure.

Recent political developments have added another dimension to market sentiment. Former President Donald Trump’s recent statements supporting cryptocurrency innovation and suggesting Bitcoin could serve as a strategic reserve have coincided with increased institutional participation in the market.

Technical analysis reveals strong market fundamentals, with the hourly MACD maintaining position in bullish territory. The RSI indicator remains above the crucial 50 level, suggesting sustained buying pressure without reaching overbought conditions.

Support zones have formed around $105,000 and $103,000, while resistance levels await at $107,500 and $112,000. Trading volumes have expanded by 25%, reaching $79 billion across major exchanges, indicating broad market participation.

The futures market presents additional evidence of market confidence, with CoinGlass data showing a 2% increase in Open Interest. This metric suggests traders are maintaining and adding to positions despite price appreciation.

Monthly performance metrics show an 18% gain, highlighting the methodical nature of the current advance. The measured pace of the rally has contributed to relatively stable market conditions compared to previous upward moves.

Research from CryptoQuant underscores the supply-demand dynamics at play. The firm’s analysis points to a continuing imbalance between available Bitcoin and institutional demand, particularly evident in OTC desk activity.

Chart analysis reveals a supportive trend line near $105,000, providing technical foundation for the current price structure. This pattern has helped maintain market momentum through minor corrections.

Current trading shows Bitcoin holding above both $104,000 and its 100-hour Simple Moving Average, technical reference points that traders use to evaluate market health.

Price retracements have found consistent support at the 23.6% Fibonacci level, measured from the $99,251 low to the recent high, demonstrating steady buying interest during pullbacks.

Near-term price action suggests immediate resistance around $107,200, followed by another key level at $107,750. A successful break above these zones could open the path toward $108,000.

Market data indicates growing participation from whale wallets, with a marked increase in large-holder addresses correlating with recent political developments and institutional buying patterns.

The rally has maintained a controlled pace, avoiding the extreme volatility often associated with previous Bitcoin price advances. This measured movement suggests a more mature market dynamic driven by institutional participation rather than retail speculation.

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