HERE'S WHY BITCOIN PRICE IS STUCK BELOW $105K!

Bitcoin's price is currently stuck below $105,000 due to several factors:

#CryptoRegulation #BinanceAlphaAlert #BTC $BTC Resistance Level: The $105,000 level remains a significant barrier, and Bitcoin has been oscillating between this resistance level and $101,500, where it has found support.

-Failed Breakout Attempts: Bitcoin began consolidating after two failed attempts to break above the resistance at $105,000, resulting in a narrowing trading range of $101.5K to $104K.

Market Sentiment: Traders are slightly bearish, but historical data suggests that a sudden bullish move shouldn't be ruled out. According to Swissblock, markets often move against crowd expectations, increasing the probability of a price rise.

Liquidity Dynamics: Large blocks of ask liquidity between $105,000 and $110,000 are preventing a breakout.

Regulatory Uncertainty and Macroeconomic Headwinds: Ongoing regulatory uncertainty and macroeconomic factors like inflation and interest rate hikes are also contributing to the stalling rally .

Current Price: Bitcoin's current price is around $103,706.76, with a 2.03% increase in value over the last day .#BinanceTGEAlayaAI