The Bitcoin (BTC) market has seen significant volatility.
The current price is around $105,366, representing a decline of around 5.5% from the previous day.
Market Details:
Current Price: $105,366
High: $111,568
Low: $103,740
Change: –5.56%
Market Cap: Below $3.8 Trillion
Key Investor Tips:
Resistance: Near $110,000
Support: Possible range at or below $100,000
Market Impact: Heavy Liquidations, Global Economic Concerns, and Investor Uncertainty
Trend Signal: Recovery Possible if Price Rebounds Above $110K, Otherwise, Further Downtrend Possible
Analysis:
The market is currently showing a cautious trend. Big investors are in a "wait and see" mode, while short-term traders are looking for opportunities on every dip.
Currently, technical indicators are pointing to downward pressure.
The next 24 hours could be decisive for Bitcoin a bounce is possible if support holds, otherwise a test of $100k is imminent.
