Bitcoin Takes a Deep Breath! 😮 Consolidation Before the Next Push?
Today, the BTC/USDT pair shows a slight correction of -1.04%, sitting at $102,943.38 after reaching a 24-hour high of $105,819.45. This pullback suggests profit-taking after the recent rally.
The trading volume in 24 hours remains substantial at 3.26B USDT, indicating active interest. The 7 and 25-period moving averages are still below the current price, suggesting that the short-term uptrend could hold if the current support holds.
We will be watching to see if Bitcoin finds a new equilibrium at these levels or if selling pressure intensifies. The key will be to observe if it can stay above the $100,000 zone to confirm the continuation of the upward movement. The calm before the next crypto storm? 🧐 What do you think?? I’ll read your comments below 👇