At the moment, Bitcoin is trading rangebound between $105,000 and $102,734, with a current price of $103,066.
According to this price movement, Bitcoin may be waiting for a recovery.
The cryptocurrency's continued limitations and inability to overcome notable resistance levels, however, underscore the market's persistent unpredictability. Due to its lack of volatility, Bitcoin isn't seeing any significant price changes.
The price of Bitcoin may rise above the $105,000 barrier if the global financial markets as a whole rebound. Strong traditional market momentum could give Bitcoin the boost it needs to take off.
