The Bitcoin price today is trading around $102,300 after a volatile 48-hour stretch that saw a brief selloff below $101,000, followed by a modest recovery. Despite the rebound, signs of slowing momentum are building as BTC struggles beneath its recent peak of $105,787.
What’s Happening with Bitcoin’s Price?
Looking at the 4-hour chart, Bitcoin price action reveals that BTC remains above its 20 and 50 EMA lines—currently at $102,822 and $100,890 respectively—indicating that bulls still have near-term control. However, the Relative Strength Index (RSI) has slipped to 49, nearing neutral territory after forming a lower high. This suggests that buying pressure is cooling, even as price attempts to stabilize above key moving averages.
On the 1-day chart, BTC has retested and rejected the critical $105,000 resistance zone twice. This area has historically served as a ceiling for bullish continuation, and without a strong catalyst, further upside may remain limited. The price is also trading below the Fib 1.0 extension ($109,396), reinforcing this cap.
Why Bitcoin P…
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