BITCOIN FAILS TO BREAK THE 95200 RESISTANCE IN THE PAST 24 HOURS.
In the last 24 hours, Bitcoin (BTC) displayed notable volatility amid mixed sentiment. After a modest early gain of 0.1% to $29,008, BTC’s market dominance rose to 47% before momentum reversed. By session close, BTC dropped -1.10% to $94,067.30, with alternate data sources reflecting milder losses between -0.17% and -0.48%.
Price Action & Volatility:
BTC traded between a low of $93,631.90 and a peak of $95,203.84, failing to break resistance at the upper bound. Volatility metrics suggest movement is approaching historical range lows, pointing to reduced market turbulence. This indicates a likely consolidation phase.
Volume & Market Participation:
Despite price softness, trading activity remained robust: $19.35B in volume and 320,000 BTC exchanged across major venues like Binance and Coinbase.
Macro Context:
BTC remains above key support levels, while Ethereum (ETH) mirrored the decline, falling nearly 4%, emphasizing broad market correlation. Traders are now eyeing structural support and resistance zones to anticipate BTC’s next breakout.
