#Bitcoin spiked to a new high of $107,108 today, triggering a strong bullish reaction and catching traders’ attention. However, this sharp rally didn’t last long. After hitting resistance near the $107k zone, BTC quickly lost steam and reversed, showing signs of a classic pump-and-dump move. High volatility around this level reflects strong profit-taking and lack of follow-through from bulls.
Now trading around $104,359, $BTC has slipped back into the previous range. This drop suggests that the $107k mark remains a tough barrier. If buyers fail to step in near current levels, we could see further decline toward $103k or lower. Until BTC breaks and holds above $106k+, the market will likely stay choppy with sudden reversals.
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BTCUSDT
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