Bitcoin Update – Trading Around $103K Amid Volatility & Mixed Signals 🔍
🚀 BTC Price: $103,424 (+1.37% 24h)
📈 24h High: $104,305
📉 24h Low: $101,760
🔁 10-Day Gain: +8%
Bitcoin is riding a bullish wave, fueled by:
🔮 Speculation of U.S. interest rate cuts.
🏦 Renewed institutional buying in anticipation of a friendlier macro backdrop.
BTC briefly touched $105,500 before cooling down due to profit-taking and waning buying pressure.
📉 But… Is the Rally Losing Steam?
⚠️ Double top pattern forming (similar to 2021 cycle)
📉 Bearish RSI divergence on weekly chart.
🔻 Declining volume raises caution flags.
💡 Key Levels to Watch:
Resistance: $105K
Support: $97K
➡️ Breakout or breakdown here could define the short-term trend
📊 Forecasts & Sentiment:
📍 5-day projection: $105,210–$128,489 → +24% potential.
🎯 Bottom Line: BTC remains in a tight consolidation zone. Bulls are in control for now, but caution is warranted. Keep an eye on critical levels and stay alert!
