Bitcoin Eyes $105K as ETF Inflows Surge Amid Resistance

Bitcoin (BTC), the largest cryptocurrency by market cap, is once again approaching the critical $105,000 resistance level. According to CoinGecko, BTC hit an intraday high of $104,291 earlier today, entering a key resistance zone between $104,000 and $105,000. This level has acted as a ceiling several times in 2025, with Bitcoin repeatedly failing to break through and sustain gains.

A decisive move above this range would be a bullish signal, potentially paving the way for a new all-time high—the first since January. Market momentum is currently supported by significant institutional interest, particularly in Bitcoin ETFs. BlackRock's iShares Bitcoin Trust (IBIT) saw a massive $409 million inflow on Thursday, according to SoSoValue, highlighting strong demand from traditional finance.

Adding to the bullish sentiment, JPMorgan has forecasted that Bitcoin may outperform gold in the second half of 2025. The bank cited growing interest from institutional buyers and ETF strategies as key drivers. Despite these positive indicators, Bitcoin's institutional landscape saw a notable pullback: the State of Wisconsin Investment Board (SWIB) revealed it had exited its $100 million Bitcoin position in IBIT, a stake originally disclosed in May 2024. Interestingly, SWIB continues to hold shares in MicroStrategy (MSTR), a company known for its large Bitcoin treasury.

While resistance at $105,000 remains a formidable barrier, growing ETF demand and positive forecasts from major financial institutions suggest that Bitcoin could be poised for a breakout. Traders and investors are closely watching whether BTC can sustain upward momentum and finally flip resistance into support.