$BTC

Bitcoin (BTC) is hovering near $104,041, posting a modest 0.43% gain amid renewed expectations of U.S. interest rate cuts. It’s approaching a key resistance at $105,000, breaking past this level could open the door to $110,000. However, the weekly RSI is flashing a bearish divergence, signaling weakening momentum and echoing patterns seen during the 2021 double-top. Despite this caution, on-chain signals remain strong. Whale accumulation and rising open interest hint at growing institutional confidence. While sentiment leans positive, traders should remain alert to key technical levels and macro trends that could influence BTC’s next move.