Currently, Bitcoin #bitcoin is trading around $103,617 USD, with a slight drop of 0.55% in the last 24 hours. During the day, it has fluctuated between a low of $101,065 and a high of $104,307.
This behavior is part of an upward trend observed in recent weeks. In early May, BTC surpassed $100,000 for the first time since February, driven by factors such as international trade agreements and expectations of interest rate cuts in the U.S.
However, in recent days, the price has experienced pullbacks due to profit-taking by investors and caution ahead of upcoming economic data, such as inflation indices in the U.S.
From a technical perspective, BTC faces significant resistance in the $107,000 to $109,000 range, close to its all-time high. Key support is found between $92,000 and $94,000, levels that could be tested if selling pressure persists.
Despite the recent volatility, the overall market sentiment remains optimistic, supported by increasing institutional adoption and interest in Bitcoin as a safe-haven asset amid macroeconomic uncertainty.