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Bitcoin is currently trading around $107,000 and is recovering from its recent decline. While there is some stagnation in the market as a whole, ETF inflows and institutional buying seem to be supporting Bitcoin.
In the short term, technical indicators are giving positive signals and some analyses suggest that it could rise above $110,000. However, some experts point out that there is not enough demand momentum in the market yet. The general market sentiment is currently positive, but it is also stated that there is some cooling in trading volumes.
In summary, Bitcoin is showing signs of recovery in the short term, but more volume and demand are expected to come to the market for a stronger rally.